Barclays downgraded Adidas to Equal Weight from Overweight with a price target of EUR 215, down from EUR 254. The firm says its recent trip to China highlighted continued weakness and more intense competition for Adidas.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADDYY:
- Nike sees boost in website visits, sales during Olympics, Reuters reports
- ADDYY Upcoming Earnings Report: What to Expect?
- Adidas price target raised to EUR 254 from EUR 252 at Barclays
- Adidas price target raised to EUR 260 from EUR 250 at JPMorgan
- Adidas price target raised to EUR 265 from EUR 255 at Deutsche Bank