Jefferies upgraded Adidas (ADDYY) to Buy from Hold with a price target of EUR 220, down from EUR 250. The firm believes Investor concerns around the company’s over-reliance on Terrace as it approaches maturity seem overdone. IT cites the stock’s “historically low” valuation for the upgrade following the recent selloff.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADDYY:
- Mexico look to take legal action against Adidas, Reuters say
- Adidas price target lowered to EUR 220 from EUR 230 at Berenberg
- Adidas price target lowered to EUR 274 from EUR 279 at UBS
- Adidas price target lowered to EUR 235 from EUR 270 at Telsey Advisory
- Adidas confirms FY25 outlook, continues to see ‘upside potential’