Bernstein analyst Aneesha Sherman raised the firm’s price target on Adidas to $104.20 from $100.97 and keeps a Market Perform rating on the shares. The firm notes Adidas pre-announced a strong Q1 and raised FY guide, mostly from passing on the Q1 beat. While Bernstein’s numbers were already ahead of the raised full year guide, it takes them up slightly further, as the firm believes the Q2-4 guide remains conservative given the strong Q1 performance.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADDYY:
- Adidas upgraded to Overweight from Underweight at Morgan Stanley
- Adidas (ADDYY) Announces Q2 Dividend: Save the Dates!
- Adidas price target raised to EUR 227 from EUR 218 at Barclays
- Adidas price target raised to EUR 175 from EUR 145 at Morgan Stanley
- Adidas price target raised to EUR 220 from EUR 200 at Deutsche Bank