TD Cowen raised the firm’s price target on Adidas to EUR 209 from EUR 158 and keeps a Market Perform rating on the shares. The analyst says the company’s outlook for low-double-digit revenue growth in the second half of 2024 along with continued confident commentary from CEO Bjorn Gulden on the ability to reach a 52% gross margin and 10% EBIT margin by fiscal 2026 supports the stock’s valuation.
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