Accueil > Actualité
Actualite financiere : Actualite bourse

Adidas: Credit Suisse still a seller

( - Credit Suisse reiterates its "underperform" rating on the Adidas share, while adjusting its target price from 193 euros to 198 euros, after increasing its FY operating profit assumption from 515 million to 556 million euros.

Pointing to higher inventories than expected in Q2, the broker says that it remains cautious about Adidas' ability to achieve its dual ambition of cleaning up excess inventory and rebuilding the brand's appeal in the second half of the year.

"With the shares on >30x 2021 PER, we believe they are discounting a much more rapid recovery in 2021 than is likely," Crédit Suisse adds in its report on the German sporting goods supplier.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.