Exane BNP Paribas upgraded Adidas to Outperform from Neutral with a EUR 210 price target. The analyst sees an earnings upgrade cycle for Adidas given the company’s building momentum.
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- Adidas receives over EUR508M in orders for unsold Yeezy shoes, FT reports
- Adidas price target raised to EUR 195 from EUR 185 at JPMorgan
- Adidas reports Q2 operating profit EUR 176M, consensus EUR 130.6M
- Adidas raises 2023 operating loss outlook to EUR 450M from EUR 700M
- Adidas reports Q2 revenue 5% to EUR 5.34B vs. EUR 5.6B last year