Adidas upgraded to Outperform from Market Perform at Bernstein

Bernstein upgraded Adidas (ADDYY) to Outperform from Market Perform with a EUR 300 price target Adidas was back to growth in 2024 after “five years of devastating market share losses,” but the stock has not budged for eight months as investors wonder if management can maintain momentum, says the analyst. The firm’s analysis, channel checks and consumer feedback “suggest that Adidas can continue their growth streak,” the analyst added.