adidas: UBS raises target price
(CercleFinance.com) - adidas shares are down 0.
7% at 276.7 euros on Thursday morning, despite UBS raising its target price for the share from 210 euros to 268 euros, saying that all investors' eyes are now set on the group's margins.
The broker - which has a "neutral" rating on the stock - said it has raised its earnings estimates for adidas for 2019, 2020, and 2021, which has resulted in it revising its target price for the share.
So far this year, the shares of the German sportswear giant have risen over 52%.
Copyright (c) 2019 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.
7% at 276.7 euros on Thursday morning, despite UBS raising its target price for the share from 210 euros to 268 euros, saying that all investors' eyes are now set on the group's margins.
The broker - which has a "neutral" rating on the stock - said it has raised its earnings estimates for adidas for 2019, 2020, and 2021, which has resulted in it revising its target price for the share.
So far this year, the shares of the German sportswear giant have risen over 52%.
Copyright (c) 2019 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.