Adidas: Stifel raises target price

(CercleFinance.com) - Stifel confirms its 'buy' recommendation on Adidas shares, with a target price raised from E267 to E280, in the wake of earnings estimates raised by 3%-4% for the German sporting goods supplier.


In the summary of its note, the broker considers that the 2024 exit rate, current activity and regional breakdown embedded in the 2025 targets are all encouraging and supportive.

According to Stifel, the main risk for the dossier lies in the potential impact of tariffs on inflation and US consumer spending. He considers duties on Chinese imports to be manageable.


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