JPMorgan upgraded Adidas to Overweight from Neutral with a price target of EUR 162, up from EUR 100. The analyst made the shares a top pick and placed a "Positive Catalyst Watch" on the name into the fiscal 2022 results. The firm’s analysis suggests Adidas’ most recent profit warning "significantly rebased" expectations to the extent that there is now scope for upside in fiscal 2024.
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
See the top stocks recommended by analysts >>
Read More on ADDYY: