Adidas: Credit Suisse maintains underperform rating
(CercleFinance.com) - Credit Suisse maintains its "underperform" rating on the Adidas share, airline has increased its corresponding target price from 240 euros to 250 euros (current price about 280 euros), in the wake of minimal changes to its 2020 forecasts for the German sports goods supplier.
The broker has therefore raised its expected operating profit for this year to 694 million euros, from its previous estimate of 682 million euros, although believes that Q3 the third quarter, although above estimates has been poor quality.
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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 broker has therefore raised its expected operating profit for this year to 694 million euros, from its previous estimate of 682 million euros, although believes that Q3 the third quarter, although above estimates has been poor quality.
Copyright (c) 2020 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.