RBC Capital analyst Piral Dadhania upgraded Adidas to Outperform from Sector Perform with an unchanged price target of EUR 200. The analyst says Adidas currently has one of the stronger product cycles in the marketplace with Terrace, which in the context of volatile consumer demand is an important. In addition, the share setup is de-risked following the fiscal 2024 expectations reset, the analyst tells investors in a research note.
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