adidas: UBS raises price target to 206 euros.
(CercleFinance.com) - UBS raised its price target for adidas to 206 euros from 202 euros on Wednesday and reiterated its "buy" rating for the German sportswear company.
The brokerage firm said that a survey of 1,000 consumers confirmed adidas has clear momentum with consumers in the US and also perceives high retailer confidence in the brand.
"Both of these factors should support further market share gains," UBS said, thinking that adidas is on track to reach a 15% footwear market share in the US.
Copyright (c) 2017 CercleFinance.com. 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.
The brokerage firm said that a survey of 1,000 consumers confirmed adidas has clear momentum with consumers in the US and also perceives high retailer confidence in the brand.
"Both of these factors should support further market share gains," UBS said, thinking that adidas is on track to reach a 15% footwear market share in the US.
Copyright (c) 2017 CercleFinance.com. 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.