BofA analyst Thierry Cota upgraded Adidas (ADDYY) to Buy from Neutral with a price target of EUR 260, down from EUR 274. The company’s superior sales growth continues, and with U.S. sales exposure at 20% and a Vietnam sourcing exposure at 27%, Adidas is better positioned than peers on tariff risks, the analyst tells investors in a research note.
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Read More on ADDYY:
- Adidas AG: Strong Global Demand and Growth Potential Justify Buy Rating
- Adidas reports preliminary Q1 revenue EUR 6.15B, consensus EUR 6.11B
- Adidas reports preliminary Q1 revenue EUR 6.15B, consensus EUR 5.11B
- Adidas upgraded to Outperform from Neutral at Baird
- Adidas price target lowered to EUR 282 from EUR 289 at UBS
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