RBC Capital analyst Piral Dadhania lowered the firm’s price target on Adidas to EUR 110 from EUR 130 and keeps a Sector Perform rating on the shares.
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- Adidas Slumps as Yeezy Brand Inventory Overhang Drags Down Profits
- Adidas downgraded to Hold from Buy at Jefferies
- Adidas reports preliminary 2022 sales up 1% in currency-neutral terms
- Adidas sees 2023 currency-neutral sales down high-single-digits
- Adidas price target raised to EUR 170 from EUR 160 at Deutsche Bank
