adidas: Stifel still on hold
(CercleFinance.com) - Stifel maintains its "hold" rating on adidas shares, with an unchanged target price of E150.
The analyst has raised his EBIT estimate for 2023 from E255m to E279m (above consensus of E217m).
Analysts still expect an EBIT margin of 10% (compared with just 1% this year) and double-digit sales growth between now and 2026: they believe that these targets are already well priced in.
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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 analyst has raised his EBIT estimate for 2023 from E255m to E279m (above consensus of E217m).
Analysts still expect an EBIT margin of 10% (compared with just 1% this year) and double-digit sales growth between now and 2026: they believe that these targets are already well priced in.
Copyright (c) 2023 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.