Price targets

Analyst ratings

10 analysts rated this company in the past 90 days. The average target price is €247.90, this is a change of +30.3% compared to the current price.

• September 26, 2025

  Jefferies maintains Adidas 'Buy' - target 220 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Buy" rating for Adidas with a price target of €220. Recent brand checks support the investment story, wrote James Grzinic in his commentary published on Monday. He is generally counting on the sporting goods group being able to leverage its strengths in the footwear sector into other segments./rob/ag/edh

  Publication of the original study: September 26, 2025 / 5:29 a.m. / Time zone not specified in the study

  First distribution of the original study: September 28, 2025 / 6:00 a.m. / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 18, 2025

  RBC maintains Adidas' 'Outperform' rating - Target 260 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "outperform" with a price target of €260. The sporting goods industry is now more fragmented due to the emergence and growth of challenger brands, Piral Dadhania wrote in a sector study released Thursday. However, he believes that the growth prospects for the entire industry remain attractive./edh/tav

  Publication of the original study: September 18, 2025 / 1:11 a.m. / EDT

  First distribution of the original study: September 18, 2025 / 1:11 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2025

  JPMorgan puts Adidas on 'Positive Catalyst Watch'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has lowered its price target for Adidas from €250 to €236 following a change in analysts. However, the newly appointed analyst, Wendy Liu, is optimistic about the quarterly report at the end of October and, in her first industry commentary on Wednesday, labeled the shares "Positive Catalyst Watch." Fundamentally, she maintains an "Overweight" rating. Third-quarter results are likely to boost the valuation again, now that expectations have been sufficiently adjusted in the wake of the share price weakness in 2025. At the current level, it sees an attractive balance between opportunities and risks./ag/gl

  Publication of the original study: September 3, 2025 / 2:46 a.m. / BST First distribution of the original study: September 3, 2025 / 2:46 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2025

  RBC maintains Adidas' 'Outperform' rating - Target 260 euros

  NEW YORK (dpa-AFX Analyst) - Following its annual investor conference on luxury goods companies and retailers in Asia, Canadian bank RBC maintained Adidas' "Outperform" rating with a price target of €260. In his industry review published Thursday, Piral Dadhania drew negative conclusions from the discussions there for watch manufacturer Swatch, as the mid-price segment continues to be under pressure. He remains neutral on Richemont due to its strong jewelry business and the price stability of high-end watches. In the sporting goods sector, Adidas is maintaining its momentum in the running and lifestyle segments, while Nike is expected to have cleared its inventory levels by the end of the year.

  Publication of the original study: September 3, 2025 / 5:46 PM / EDT. First distribution of the original study: September 4, 2025 / 12:45 AM / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 2, 2025

  Jefferies upgrades Adidas to 'Buy' - target down to 220 euros

  NEW YORK (dpa-AFX Analyst) - While analyst Jefferies lowered its price target for Adidas shares from €250 to €220 following the "brutal drop in value," it upgraded the stock from "Hold" to "Buy." Analyst James Grzinic noted on Wednesday that the Herzogenaurach-based company has multiple growth drivers. Investor concerns about excessive reliance on Terrace products, which are approaching their peak, are exaggerated. At the same time, Adidas is a winner in view of tariffs and the weak dollar./rob/ag/gl

  Publication of the original study: September 2, 2025 / 10:22 AM / Time zone not specified in the study. First distribution of the original study: September 2, 2025 / 7:00 PM / Time zone not specified in the study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 21, 2025

  RBC maintains Adidas' 'Outperform' rating - Target 260 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €260. Willingness to spend on sporting goods in the US is declining slightly, with concerns about tariffs increasing, Piral Dadhania wrote in an industry study released Friday based on its own market surveys. Consumer sentiment is improving in China. Adidas' absolute brand positioning is solid, but a lower preference for lifestyle shoes in the US and China, among other things, could be problematic./edh/jha/

  Publication of the original study: August 21, 2025 / 10:40 PM / EDT

  First distribution of the original study: August 22, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 11, 2025

  Bernstein maintains Adidas' 'Outperform' rating - Target: €265

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €265, based on recent sales figures from major wholesaler Pou Sheng. The Chinese retailer reported declining retail sales for July, wrote Aneesha Sherman in a study released Monday. Compared to the previous year, this is the fifth consecutive year of decline. For Adidas and Nike, this leads to the conclusion that growth in China will remain subdued./tih/ajx

  Publication of the original study: August 11, 2025 / 10:59 a.m. / UTC

  First distribution of the original study: August 11, 2025 / 10:59 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 10, 2025

  RBC lowers target for Adidas to 260 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Adidas from €270 to €260 and maintained its rating at "Outperform." Piral Dadhania wrote in an industry report released Monday that he revised his estimates following the half-year reporting season. The developments regarding US import tariffs are now also reflected in his assumptions for the luxury goods and fashion group. At Adidas, an unchanged outlook is offset by strong sales and earnings./bek/mis

  Publication of the original study: August 10, 2025 / 5:46 PM / EDT

  First distribution of the original study: August 11, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 6, 2025

  Berenberg lowers Adidas target to 220 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for Adidas from €230 to €220 following the company's earnings release and maintained its "Hold" rating. In a study released Thursday, Nick Anderson primarily considered the strong euro in his estimates, but also lower costs in the second quarter and the prospect of lower taxes. As a brand, Adidas is at the mercy of fickle consumers, and thus escaping the fashion cycle will be a major challenge. However, given the lower share price, he is more relaxed about this risk./rob/tih/nas

  Publication of the original study: August 6, 2025 / 5:13 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  Deutsche Bank raises target for Adidas to 280 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Adidas from €270 to €280 and maintained its "Buy" rating. Adidas reported strong second-quarter results, but shares slumped, Adam Cochrane wrote on Thursday. Adidas thus fell into the trap of a conservative forecast if investors did not believe that the targets could be raised./ajx/la

  Publication of the original study: July 31, 2025 / Time not specified in the study / CET

  First distribution of the original study: July 31, 2025 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  UBS lowers Adidas target to 274 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Adidas from €279 to €274 following the company's earnings release, but maintained its "Buy" rating. Analyst Robert Krankowski expressed continued optimism about the sporting goods company, which reported disappointing second-quarter sales, in a study released Thursday. There is not yet sufficient evidence that the Herzogenaurach-based company's momentum is slowing down./rob/tih/ajx

  Publication of the original study: July 31, 2025 / 12:36 PM / GMT

  First distribution of the original study: July 31, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Bernstein maintains Adidas' outperform rating after figures

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300 following the company's earnings release. Analyst Aneesha Sherman, in a quick assessment released Wednesday, cited a robust second quarter for the sporting goods manufacturer. However, uncertainty surrounding tariffs prevented an increase in the annual forecast./ck/ajx

  Publication of the original study: July 30, 2025 / 7:02 a.m. / UTC

  First distribution of the original study: July 30, 2025 / 7:02 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Bernstein lowers target for Adidas to 265 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research lowered its price target for Adidas from €300 to €265 following the company's results released the day before, but maintained its rating at "Outperform." Aneesha Sherman, in her study on the sporting goods manufacturer released Thursday, cited a strong second quarter. However, the retained annual targets are cautious given the strong momentum. However, it considers the share price drop following the failure to raise its annual forecast to be exaggerated and expects some more positive surprises over the course of the year./ck

  Publication of the original study: July 30, 2025 / 11:32 PM / UTC

  First distribution of the original study: July 31, 2025 / 4:01 AM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  JPMorgan lowers Adidas target to 250 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Adidas from €275 to €250 following quarterly results and maintained its rating at "Overweight." Despite slightly missing the sporting goods manufacturer's sales expectations, these were solid, wrote Chiara Battistini in a study released Wednesday./rob/bek/he

  Publication of the original study: July 30, 2025 / 8:16 p.m. / BST First distribution of the original study: July 30, 2025 / 8:16 p.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  UBS maintains Adidas 'Buy' - target 279 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas following its quarterly results, with a price target of €279. The sporting goods company's sales development fell short of its forecast and the consensus estimate, Robert Krankowski wrote in an initial reaction released Wednesday. On an adjusted basis, however, the development is less negative./rob/edh/la

  Publication of the original study: July 30, 2025 / 6:35 a.m. / GMT

  First distribution of the original study: July 30, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Deutsche Bank Research maintains Adidas 'Buy' rating after figures

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Adidas following the company's earnings release, with a price target of €270. Expectations for the sporting goods manufacturer were high, but sales ultimately fell slightly short, Adam Cochrane wrote in a quick assessment released Wednesday. Importantly, however, the annual targets have been confirmed and take into account the impact of the US tariffs. He described current business performance and the order backlog as robust. The analyst therefore sees scope for exceeding the target for the annual operating result if macroeconomic conditions and consumer confidence improve.

  Publication of the original study: July 30, 2025 / Time not specified in the study / GMT

  First distribution of the original study: July 30, 2025 / 7:26 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Jefferies maintains Adidas' 'Hold' rating after figures

  NEW YORK (dpa-AFX Analyst) - Following its quarterly report, analyst Jefferies maintained a "Hold" rating on Adidas with a price target of €250. The sporting goods manufacturer disappointed with sales and inventory levels, but performed slightly better than expected in terms of operating results, wrote James Grzinic in a quick assessment released Wednesday. He pointed out that Adidas had not raised its annual operating profit forecast, likely due to tariff uncertainty and uncertain end markets./rob/ck/la

  Publication of the original study: July 30, 2025 / 2:10 a.m. / Time zone not specified in the study

  First distribution of the original study: July 30, 2025 / 2:10 a.m. / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Baader Bank maintains Adidas' 'Add' rating after figures

  MUNICH (dpa-AFX Analyst) - Baader Bank maintained Adidas' "Add" rating with a price target of €238 following its quarterly report. In a quick assessment released Wednesday, analyst Volker Bosse described the sporting goods manufacturer's second-quarter figures as "good," even though sales fell slightly short of the consensus due to higher-than-expected negative exchange rate effects. However, the annual targets were only confirmed./rob/ck/nas

  Publication of the original study: July 30, 2025 / 8:30 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Warburg Research maintains Adidas' 'Buy' rating - target €255

  HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research has maintained its "Buy" rating for Adidas after the company's earnings release, with a price target of €255. At first glance, it was another strong quarter, wrote Jörg Philipp Frey in a study released Wednesday. He subsequently announced that he would refine his estimates somewhat. His buy recommendation, based on strong brand momentum and significant margin improvements, is confirmed./rob/tih/nas

  Publication of the original study: July 30, 2025 / 8:15 a.m. / Time zone not specified in the study

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  RBC maintains Adidas' 'Outperform' rating - Target 270 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €270 following the company's earnings release. The sporting goods company fell short of expectations in terms of sales in the second quarter, Piral Dadhania wrote in a study released Wednesday. However, this was offset by the fact that operating profit (EBIT) was above expectations. The annual outlook has been confirmed./rob/tih/nas

  Publication of the original study: July 30, 2025 / 2:14 a.m. / EDT

  First distribution of the original study: July 30, 2025 / 2:14 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  JPMorgan maintains Adidas at 'Overweight' - target 275 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" following its quarterly results, with a price target of €275. The sporting goods company presented a solid quarterly report overall, wrote Chiara Battistini in an initial reaction released Wednesday. However, sales were somewhat weaker than expected./rob/edh/nas

  Publication of the original study: July 30, 2025 / 7:42 a.m. / BST

  First distribution of the original study: July 30, 2025 / 7:42 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 10, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyser) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300, based on retail sales data from its main Chinese wholesale partner, Pou Sheng. The company reported declining sales for the fifth consecutive month in June, Aneesha Sherman wrote in a study released Thursday. The data indicated that growth in the sporting goods industry in the world's second-largest economy remains subdued.

  Publication of the original study: July 10, 2025 / 10:54 a.m. / UTC. First distribution of the original study: July 10, 2025 / 10:54 a.m. / UTC.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 4, 2025

  Warburg Research raises target for Adidas to 255 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research raised its price target for Adidas from €250 to €255 ahead of earnings and maintained its "Buy" rating. The sporting goods company likely recorded another quarter with strong brand momentum and double-digit percentage growth, Jörg Philipp Frey wrote in a study released Friday. Margin improvements in recent quarters have reduced risks to the outlook, and even based on its more conservative estimates, the 2026 P/E ratio of just over 21 is well within the historical valuation range./edh/gl

  Publication of the original study: July 4, 2025 / 8:15 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 3, 2025

  Baader Bank maintains Adidas' 'Add' rating - target 238 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Adidas at "Add" with a price target of €238. The trade agreement between the US and Vietnam is likely to increase costs for Adidas and ultimately sales prices in the US, Volker Bosse wrote on Thursday. This could put pressure on sales there. Thanks to the enormous popularity of the Adidas brand, the lifestyle group is likely to achieve its financial targets./rob/bek/ag

  Publication of the original study: July 3, 2025 / 10:10 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 2, 2025

  UBS maintains Adidas 'Buy' - target 279 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas with a price target of €279. Analyst Robert Krankowski drew a comparison with Nike among sporting goods manufacturers on Wednesday, describing Adidas as a stock "for the long haul." So far, there is no concrete evidence that the US competitor poses a threat to the Herzogenaurach-based company. Adidas is currently the fundamentally better company./rob/tih/ag

  Publication of the original study: July 2, 2025 / 5:41 PM / GMT

  First distribution of the original study: July 3, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 2, 2025

  UBS maintains Adidas 'Buy' - target 279 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas with a price target of €279. The industry's best growth has still not fully reflected in the valuation, wrote Robert Krankowski in his outlook on the quarterly report published on Wednesday. He again expects double-digit growth in the second quarter./rob/ag/gl

  Publication of the original study: July 2, 2025 / 1:13 a.m. / GMT. First distribution of the original study: July 2, 2025 / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 1, 2025

  JPMorgan maintains Adidas at 'Overweight' - target 275 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" with a price target of €275 ahead of second-quarter results. Analyst Chiara Battistini further refined her estimates for the sporting goods company in a study published Tuesday, taking into account recent economic data, currency effects, and insights from discussions with managers. Despite the difficult environment, it expects another strong quarter./rob/tih/stw

  Publication of the original study: July 1, 2025 / 7:23 PM / BST

  First distribution of the original study: July 1, 2025 / 7:23 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  RBC lowers target for Adidas to 270 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Adidas from €275 to €270 ahead of second-quarter results, but maintained its rating at "outperform." Overall, momentum in the luxury sector remains subdued, Piral Dadhania wrote in an industry outlook released Tuesday. Trends are stable in North America and Asia-Pacific, but somewhat weaker in Europe and Japan. For Adidas, however, the expert forecasts an 11 percent increase in sales from its own efforts./bek/gl

  Publication of the original study: June 30, 2025 / 6:30 p.m. / EDT. First distribution of the original study: July 1, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300 following an analyst briefing ahead of the company's upcoming quarterly results. New innovations are aimed at expanding the product mix beyond the "Terrace" sneakers, Aneesha Sherman wrote in a study released Monday. Comments on margins are conservative and indicate headwinds from several sides./tih/zb

  Publication of the original study: June 30, 2025 / 5:49 PM / UTC

  First distribution of the original study: June 30, 2025 / 5:49 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 24, 2025

  Deutsche Bank Research maintains Adidas' 'Buy' rating - target 270 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Adidas at "Buy" with a price target of €270. Adidas and Puma offer attractive opportunities to invest in the structural growth of the sporting goods sector in both the medium and long term, Adam Cochrane wrote in an industry commentary on Tuesday. While tariff volatility has dampened investor sentiment in this sector, as consumer confidence recovers and trade negotiations progress, the European sporting goods industry is expected to gradually regain value. At Adidas, the expert pointed to strong growth, operational performance, and healthy order backlogs.

  Publication of the original study: June 24, 2025 / Time not specified in the study / CET. First distribution of the original study: June 24, 2025 / 4:01 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 10, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating on Adidas at "Outperform" with a price target of €300. Pou Sheng, Nike and Adidas' most important wholesale partner in China, reported a decline in retail sales for May, Aneesha Sherman wrote in a study released Tuesday. This suggests continued subdued industry growth in China, although there is an improvement compared to April. However, it is still too early to speak of a clear improvement, especially since trade talks between the US and China are ongoing./gl/tih

  Publication of the original study: June 10, 2025 / 11:51 a.m. / UTC First distribution of the original study: June 10, 2025 / 11:51 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 2, 2025

  RBC maintains Adidas' 'Outperform' rating - Target: €275

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "outperform" with a price target of €275. Analyst Piral Dadhania expects earnings expectations in the luxury goods sector to continue to decline in his industry commentary released Tuesday. Meanwhile, Adidas remains its preferred stock in the sporting goods sector due to its strong brand momentum, optimization potential, improved products, and weak competition./tih/ag

  Publication of the original study: June 2, 2025 / 5:13 PM / EDT

  First distribution of the original study: June 3, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 29, 2025

  UBS maintains Adidas 'Buy' - target 279 euros

  ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has maintained its rating for Adidas at "Buy" with a price target of 279 euros after a visit to the sports goods manufacturer's headquarters. According to his commentary released Thursday, Robert Krankowski sees no signs of a slowdown in business momentum in 2025 and 2026. He now has a more positive outlook on the company's ability to navigate the current volatile business environment./rob/mis/ag

  Publication of the original study: May 29, 2025 / 1:15 a.m. / GMT

  First distribution of the original study: May 29, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 22, 2025

  UBS maintains Adidas 'Buy' - target 279 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas with a price target of €279. There is currently increasing talk of European consumers boycotting US brands, Robert Krankowski wrote in a study released Friday. There are indeed indications of a shift away from US market leader Nike and toward Adidas. This could provide additional momentum to Adidas' already robust momentum in Europe, as its development outside of North America is becoming increasingly important./tih/ajx

  Publication of the original study: May 22, 2025 / 05:54 / GMT

  First distribution of the original study: May 22, 2025 / 05:54 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 22, 2025

  RBC maintains Adidas' 'Outperform' rating - Target: €275

  NEW YORK (dpa-AFX Analyser) - The Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of 275 euros. Improvements in products and operational processes underscore future growth, wrote Piral Dadhania in her commentary released Friday following a site visit to the company's headquarters in Herzogenaurach, including a meeting with CEO Björn Gulden./rob/ajx/ag

  Publication of the original study: May 22, 2025 / 8:23 p.m. / EDT First distribution of the original study: May 23, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 2, 2025

  Barclays lowers target for Adidas to 231 euros - 'Equal Weight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Adidas from €234 to €231 and maintained its rating at "Equal Weight." Analyst Carole Madjo fears that the earnings recovery in the European luxury goods sector will be delayed in the adverse environment. She reached this conclusion in her reassessment of the sector, published on Friday. She is removing her recommendation for LVMH and only voting "Overweight" for Hermes. After most of the reporting season, she notes that companies are generally more cautious in their planning. However, the direct impact of tariffs is likely to be limited, as expected, and is more likely to result in price increases in the US./ag/ajx

  Publication of the original study: May 2, 2025 / 5:03 a.m. / GMT

  First distribution of the original study: May 2, 2025 / 5:08 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Berenberg maintains Adidas on 'Hold' - target 230 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Adidas with a price target of €230. In contrast to the negative market reaction, analyst Nick Anderson considers the sporting goods company's confirmed annual targets to be realistic and not uncertain, wrote in a report released Wednesday. However, he sees valuation risks given the margin expectations factored in./edh/tih

  Publication of the original study: April 30, 2025 / 3:20 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  Deutsche Bank Research maintains Adidas' 'Buy' rating - target 280 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Adidas at "Buy" with a price target of €280 following detailed quarterly figures. The sporting goods company delivered a strong quarterly report and is making progress in all areas, wrote analyst Adam Cochrane in a study published Wednesday./edh/ajx

  Publication of the original study: April 30, 2025 / Time not specified in study / CEST

  First distribution of the original study: April 30, 2025 / 8:00 a.m. / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 30, 2025

  UBS lowers Adidas target to 279 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Adidas from €282 to €279, but maintained its "Buy" rating. The ongoing tariff debate is overshadowing the sporting goods manufacturer's strong business momentum, analyst Robert Krankowski wrote in an assessment released Wednesday. Even with a weaker US business, double-digit sales growth remains possible. However, in light of the recently published quarterly figures, the expert lowered its operating earnings (EBIT) estimates for the years up to 2027, as it now expects slightly lower organic sales growth./gl/ajx

  Publication of the original study: April 30, 2025 / 4:00 a.m. / GMT First distribution of the original study: April 30, 2025 / 4:00 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Warburg Research maintains Adidas' 'Buy' rating - target 250 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Adidas at "Buy" after the results, with a price target of €250. The final figures have confirmed the key figures, wrote analyst Jörg Frey in a quick assessment released on Tuesday. The figures are generally positive./mf/men

  Publication of the original study: April 29, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Jefferies maintains Adidas on 'Hold' - target 250 euros

  NEW YORK (dpa-AFX Analyst) - Following final first-quarter figures, analyst Jefferies has maintained its rating for Adidas at "Hold" with a price target of €250. Following the preliminary figures published last week, these no longer contain any significant new information, wrote analyst James Grzinic in a report released Tuesday./bek/gl

  Publication of the original report: April 29, 2025 / 1:58 a.m. / ET First distribution of the original report: April 29, 2025 / 1:58 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - Following detailed first-quarter figures, US analyst Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300. Analyst Aneesha Sherman attested to strong growth across the board for the sporting goods manufacturer. However, due to economic uncertainties, the company only confirmed its outlook but did not raise it, it wrote in a study released Tuesday./ck

  Publication of the original study: April 29, 2025 / 6:48 a.m. / UTC

  First distribution of the original study: April 29, 2025 / 6:48 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  RBC maintains Adidas' 'Outperform' rating - Target: €275

  NEW YORK (dpa-AFX Analyst) - Following a conference call on the quarterly results, Canadian bank RBC maintained its rating for Adidas at "Outperform" with a price target of €275. Demand is strong across all regions, analyst Piral Dadhania wrote in a report released Wednesday. There were also no changes in the US market following the announcement of import tariffs. There have also been no cancellations of orders from wholesalers worldwide./bek/gl

  Publication of the original study: April 29, 2025 / 5:31 p.m. / EDT. First distribution of the original study: April 30, 2025 / 12:45 a.m. / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  UBS maintains Adidas 'Buy' - target 282 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Adidas following its final quarterly results, with a price target of €282. The sports car manufacturer's results confirm its strong business momentum, analyst Robert Krankowski wrote in an initial reaction on Tuesday.

  Publication of the original study: April 29, 2025 / 6:32 a.m. / GMT

  First distribution of the original study: April 29, 2025 / 6:32 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Deutsche Bank Research maintains Adidas' 'Buy' rating - target 280 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Adidas following its final quarterly results, with a price target of €280. The sporting goods manufacturer performed well overall and is showing progress in all areas, wrote analyst Adam Cochrane in an assessment released Tuesday.

  Publication of the original study: April 29, 2025 / 6:39 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - Following detailed first-quarter figures, US analyst Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300. Analyst Aneesha Sherman attested to strong growth across the board for the sporting goods manufacturer. However, due to economic uncertainties, the company only confirmed its outlook and did not raise it, it wrote in a study released Tuesday./bek/ck

  Publication of the original study: April 29, 2025 / 6:48 a.m. / UTC

  First distribution of the original study: April 29, 2025 / 6:48 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 29, 2025

  Baader Bank maintains Adidas' 'Add' rating - target 238 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its "Add" rating on Adidas following final figures with a price target of €238. Following a strong first quarter, the sporting goods manufacturer merely confirmed its annual targets due to economic and customs uncertainties, analyst Volker Bosse wrote in an assessment released Tuesday.

  Publication of the original study: April 29, 2025 / 8:17 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 24, 2025

  Warburg Research maintains Adidas' 'Buy' rating - target 250 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Adidas at "Buy" with a price target of €250 following preliminary figures. The sporting goods manufacturer's first quarter was excellent, wrote analyst Jörg Frey in a study released Thursday. Due to a better-than-expected gross profit margin and very strong sales growth, Adidas exceeded its earnings estimates for the first quarter as well as the consensus forecasts./ck/nas

  Publication of the original study: April 24, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: April 24, 2025 / Time not specified in the study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  Deutsche Bank Research maintains Adidas' 'Buy' rating - target 280 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Adidas at "Buy" with a price target of €280 following preliminary first-quarter figures. Analyst Adam Cochrane spoke of "another strong quarter" in a study released Thursday, with no signs of slowing down. The sporting goods manufacturer's operating result was 12 percent better than expected./ck/mis

  Publication of the original study: April 23, 2025 / 6:39 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300 following preliminary first-quarter figures. Analyst Aneesha Sherman, in a study released Thursday, noted continued above-average business performance for the sporting goods manufacturer in a volatile environment./ck/nas

  Publication of the original study: April 23, 2025 / 7:06 PM / UTC

  First distribution of the original study: April 23, 2025 / 7:06 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  Barclays maintains Adidas at 'Equal Weight' - target 234 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Adidas at "Equal Weight" with a price target of €234. The Herzogenaurach-based company clearly exceeded expectations again with its first-quarter key figures, analyst Carole Madjo wrote on Wednesday evening. The strong profitability, even without Yeezy, is evidence of enormous brand strength./ag/la

  Publication of the original study: April 23, 2025 / 7:33 PM / GMT

  First distribution of the original study: April 23, 2025 / 7:38 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  UBS maintains Adidas 'Buy' - target 282 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas with a price target of €282. Following the preliminary first-quarter figures, analyst Robert Krankowski is even more convinced of the Herzogenaurach-based sporting goods manufacturer. Some investors may wonder why Adidas did not raise its operating profit (EBIT) forecast. However, given the uncertainty surrounding tariffs and the typically conservative approach of management, this is understandable, the expert wrote on Wednesday after the report./ajx/he

  Publication of the original study: April 23, 2025 / 6:01 p.m. / GMT First distribution of the original study: April 23, 2025 / 6:01 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  RBC maintains Adidas' 'Outperform' rating - Target: €275

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "outperform" with a price target of €275 following preliminary quarterly results. Adidas' results and brand momentum remain strong in a challenging consumer environment, partly helped by the weakness of competitors, including Nike and Puma, analyst Piral Dadhania wrote in an initial assessment of the figures on Wednesday. The forecast for this year's operating result (EBIT) is conservative./ajx/he

  Publication of the original study: April 23, 2025 / 1:24 p.m. / EDT First distribution of the original study: April 23, 2025 / 1:24 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 16, 2025

  UBS lowers Adidas target to 282 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Adidas from €289 to €282, but maintained its "Buy" rating. Analyst Robert Krankowski lowered his earnings per share estimates for 2025 to 2027 by up to 4 percent in a study published Wednesday. He cited recent developments in the foreign exchange markets as his reason for this. Nevertheless, Adidas remains better positioned than its competitors to weather the storm in terms of tariffs, margins, and demand./bek/jax

  Publication of the original study: April 16, 2025 / 5:36 a.m. / GMT

  First distribution of the original study: April 16, 2025 / 5:36 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  Berenberg starts Adidas with 'Hold' - target 230 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has initiated a "Hold" rating on Adidas shares with a price target of €230. The brand is performing well, and likely sustainably, wrote Nick Anderson in his analysis of sportswear manufacturers Adidas, Nike, and Puma, published Tuesday. However, he only recommends buying the latter. He sees no valuation leeway for Adidas./ag/ajx

  Publication of the original study: April 14, 2025 / 4:09 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 8, 2025

  Warburg Research upgrades Adidas to 'Buy' - target 250 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has upgraded Adidas from "Hold" to "Buy," but lowered its price target from €270 to €250. What US President Donald Trump is taking away from the company with import tariffs will be partially repaid by the strong euro, analyst Jörg Frey wrote in a study published Tuesday. Furthermore, Adidas could take market share from its rival Nike in China. However, when it comes to product manufacturing, there is fundamentally no place for manufacturers of sports shoes and apparel to hide./bek/mis

  Publication of the original study: April 8, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: April 8, 2025 / Time not specified in the study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 3, 2025

  UBS maintains Adidas 'Buy' - target 289 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Adidas with a price target of €289. The new US import tariffs could have a more severe impact on European sporting goods manufacturers than previously expected, analyst Robert Krankowski wrote in an industry commentary published Thursday. Adidas nevertheless remains better positioned than its competitors. Krankowski sees this as a good opportunity in the event of a share price decline./gl/mis

  Publication of the original study: April 3, 2025 / 00:54 / GMT First distribution of the original study: April 3, 2025 / 00:54 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 2, 2025

  RBC lowers target for Adidas to 275 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Adidas from €285 to €275, but maintained its rating at "Outperform." The sporting goods manufacturer expressed overall positive views on the brand's momentum at the end of March, which the upcoming quarterly figures should support, analyst Piral Dadhania wrote in his outlook on the report published Wednesday. His operating profit (EBIT) forecast for 2025 is significantly above the company's target, and the recent share price weakness presents an attractive buying opportunity. Dadhania, meanwhile, lowered its earnings forecasts slightly.

  Publication of the original study: April 2, 2025 / 1:32 a.m. / EDT First distribution of the original study: April 2, 2025 / 1:32 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 1, 2025

  JPMorgan maintains Adidas at 'Overweight' - target 275 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" with a price target of €275 ahead of the first-quarter results. Ahead of the release, analyst Chiara Battistini left her estimates for the lifestyle group largely unchanged. She wrote this in an outlook published on Tuesday./bek/jha/

  Publication of the original study: April 1, 2025 / 11:51 a.m. / BST

  First distribution of the original study: April 1, 2025 / 3:30 p.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  RBC maintains Adidas' 'Outperform' rating - Target: €285

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €285. Analyst Piral Dadhania delved deeply into the tariff issue in his commentary on the luxury and sporting goods industry published Tuesday. He outlined a possible scenario for US demands on imports starting April 2. The tariffs would have both a direct impact on costs and an indirect impact on consumer sentiment. He sees the comparatively highest risks in Puma, Nike, and Dockers. Moncler, LVMH, and Pandora are likely to fare particularly well. In general, however, the expert is cautious about Pandora./ag/mis

  Publication of the original study: March 31, 2025 / 10:32 PM / EDT

  First distribution of the original study: April 1, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  Jefferies maintains Adidas on 'Hold' - target 250 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its rating for Adidas at "Hold" with a price target of €250. Recent indications from the lifestyle group regarding its business situation underpin expectations for a strong first quarter, wrote analyst James Grzinic in a report released Monday. Few European companies in the consumer sector are likely to be able to boast double-digit sales growth./bek/he

  Publication of the original study: March 31, 2025 / 1:19 PM / ET. First distribution of the original study: March 31, 2025 / 1:19 PM / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 18, 2025

  Baader Bank maintains Adidas' 'Add' rating - target 238 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Adidas at "Add" with a price target of €238. The Herzogenaurach-based company is sending positive signals in a difficult environment, wrote analyst Volker Bosse in his commentary published on Tuesday./ag/tih

  Publication of the original study: March 18, 2025 / 12:00 / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 14, 2025

  UBS maintains Adidas 'Buy' - target 289 euros

  ZURICH (dpa-AFX Analyst) - Following a conference held by the major Swiss bank in New York, UBS maintained its rating for Adidas at "Buy" with a price target of €289. Analyst Robert Krankowski emphasized in a study released Friday that the sporting goods company remains one of the best earnings dynamics stories among the companies tracked by the bank. Regarding the current solid trends, the tone has not changed./tih/gl

  Publication of the original study: March 14, 2025 / 1:11 AM / GMT First distribution of the original study: March 14, 2025 / 1:11 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 11, 2025

  Warburg Research raises target for Adidas to 270 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has raised its price target for Adidas from €250 to €270 and maintained its "Hold" rating. Analyst Jörg Frey updated his valuation model for the sporting goods manufacturer following the release of the annual figures and the outlook for 2025. He has raised his estimates and considers the stock's valuation to be appropriate, according to a study released Tuesday. At the same time, the market is still far above management's targets, which is why positive earnings revisions from this side are unlikely./ck/mis

  Publication of the original study: March 11, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 10, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300. Analyst Aneesha Sherman noted in a report released Monday that Nike and Adidas' largest Chinese wholesale partner, Pou Sheng, reported a significant decline in retail sales in February. This is likely due to the timing of the Chinese New Year, following a strong increase in retail sales in January. Approximately 80 percent of Pou Sheng's sales in China came from Nike and Adidas products, she added./ck/tih

  Publication of the original study: March 10, 2025 / 11:46 a.m. / UTC

  First distribution of the original study: March 10, 2025 / 11:46 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 9, 2025

  Barclays lowers target for Adidas to 237 euros - 'Equal Weight'

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Adidas from €240 to €237, but maintained its rating at "Equal Weight." Analyst Wendy Liu remains generally convinced of the Herzogenaurach-based company's growth trajectory, according to her commentary released on Monday. However, she slightly reduced her estimates. She considers market expectations ambitious, while at the same time, the stock is fairly valued./ag/ck

  Publication of the original study: March 9, 2025 / 11:41 PM / GMT

  First distribution of the original study: March 10, 2025 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 6, 2025

  UBS maintains Adidas 'Buy' - target 289 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas with a price target of €289. The "beat-and-raise story" with expectations exceeded and subsequently higher targets will continue, wrote analyst Robert Krankowski in his review of the previous year's figures released on Thursday. The impression from the subsequent conference call was also: Better to keep things low and deliver more later./ag/edh

  Publication of the original study: March 6, 2025 / 1:31 a.m. / GMT

  First distribution of the original study: March 6, 2025 / 1:31 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 6, 2025

  Deutsche Bank Research lowers Adidas target to 280 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Adidas from €300 to €280, but maintained its "Buy" rating. From an operational perspective, the lifestyle group is taking the right measures, wrote analyst Adam Cochrane in his commentary published Thursday. However, the expert lowered its forecast for operating profit (EBIT) in 2025 by nine percent./bek/ag

  Publication of the original study: March 6, 2025 / Time not specified in the study / CET

  First distribution of the original study: March 6, 2025 / 8:10 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" following its quarterly results, with a price target of €300. The sporting goods company recorded a strong finish to 2024, analyst Aneesha Sherman wrote on Wednesday. However, the start to the new fiscal year is conservative./edh/ag

  Publication of the original study: March 5, 2025 / 8:25 a.m. / UTC

  First distribution of the original study: March 5, 2025 / 8:25 a.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  Warburg Research maintains Adidas' 'Hold' rating - target 250 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Adidas at "Hold" following its business figures and annual forecasts, with a price target of €250. The forecasts fell short of expectations, analyst Jörg Frey wrote in his initial assessment on Wednesday. However, the market will likely keep in mind the lifestyle group's equally cautious targets for the past year./bek/ag

  Publication of the original study: March 5, 2025 / 8:15 a.m. / CET

  First distribution of the original study: March 5, 2025 / Time not specified in the study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  Deutsche Bank Research maintains Adidas' 'Buy' rating - target 300 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Adidas at "Buy" following its quarterly results, with a price target of €300. The sporting goods company's results were solid overall, wrote analyst Adam Cochrane in his initial reaction on Wednesday. However, the outlook for 2025 appears more conservative than expected./edh/ag

  Publication of the original study: March 5, 2025 / Time not specified in study / CET

  First distribution of the original study: March 5, 2025 / 8:30 a.m. / CET

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  UBS maintains Adidas 'Buy' - target 289 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS maintained its "Buy" rating for Adidas following fourth-quarter results, with a price target of €289. The targets for the current year fell short of expectations, analyst Robert Krankowski wrote on Wednesday. However, there are several aspects that make the outlook appear "conservative," or cautious./bek/ag

  Publication of the original study: March 5, 2025 / 7:36 a.m. / GMT

  First distribution of the original study: March 5, 2025 / 7:36 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  Goldman leaves Adidas at 'Neutral' - Target 280 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Adidas at "Neutral" with a price target of €280. The operating profit (EBIT) target for 2025 is 20 percent below consensus at the midpoint of the range, analyst Richard Edwards wrote on Wednesday after the interim report./ag/edh

  Publication of the original study: March 5, 2025 / 7:28 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  Baader Bank maintains Adidas' 'Add' rating - target 238 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Adidas at "Add" following fourth-quarter results, with a price target of €238. The lifestyle group's outlook for 2025 remains below expectations, wrote analyst Volker Bosse in his initial assessment on Wednesday. However, the market may remember that the company raised its forecasts several times last year./bek/ag

  Publication of the original study: March 5, 2025 / 8:35 a.m. / CET

  First distribution of the original study: March 5, 2025 / Time not specified in the study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  RBC maintains Adidas' 'Outperform' rating - Target: €290

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €290, based on forecasts for 2025. These are once again very cautious, wrote analyst Piral Dadhania in his initial reaction on Wednesday. The forecast for operating profit (EBIT) is one-fifth below market expectations. This could put pressure on the stock, but the expert recommends buying into this weakness. The lifestyle group will perform far better in terms of sales and EBIT than currently forecast./bek/ag

  Publication of the original study: March 5, 2025 / 2:19 a.m. / EST

  First distribution of the original study: March 5, 2025 / 2:19 a.m. / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  RBC lowers target for Adidas to 285 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Adidas from €290 to €285 following the earnings call, but maintained its rating at "outperform." The lifestyle group's forecasts are conservative, and Adidas could exceed them, wrote analyst Piral Dadhania in his commentary published Thursday. In January and February, sales growth was in double digits, and in the US, customer activity has fluctuated significantly in recent weeks, but this is not specific to Adidas./bek/ag

  Publication of the original study: March 5, 2025 / 5:35 PM / EST

  First distribution of the original study: March 6, 2025 / 12:45 AM / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 5, 2025

  Goldman lowers Adidas target to 270 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Adidas from €280 to €270 and maintained its rating at "Neutral." Analyst Richard Edwards slightly lowered his operating earnings estimates for 2025 and 2026 on Wednesday evening following the quarterly results. He also slightly increased the risk-free interest rate in his valuation model./ag/edh

  Publication of the original study: March 5, 2025 / 6:44 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• February 3, 2025

  UBS raises target for Adidas to 289 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Adidas from €280 to €289 and maintained its "Buy" rating. Concerns that the momentum will end in 2025 are exaggerated, wrote Robert Krankowski, the analyst now responsible for the Herzogenaurach-based company, in his commentary published on Monday. At the same time, investors are misjudging the opportunities. Krankowski raised his earnings estimates by five percent./ag/men

  Publication of the original study: February 3, 2025 / 6:30 a.m. / GMT

  First distribution of the original study: February 3, 2025 / 6:30 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 25, 2025

  Jefferies raises target for Adidas to 250 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies raised its price target for Adidas from €220 to €250, but maintained its "Hold" rating. Companies in the luxury consumer goods sector are likely to develop very differently in 2025, wrote analyst James Grzinic in his industry outlook published on Monday. Inditex is his top favorite, and he also recommended buying Danish company Pandora. At Adidas, he expects a strong first half of the year and a more balanced full year./ag/zb

  Publication of the original study: January 25, 2025 / 3:29 a.m. / ET

  First distribution of the original study: January 26, 2025 / 5:00 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  Goldman raises target for Adidas to 280 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Adidas from €260 to €280, but maintained its rating at "Neutral." Analyst Richard Edwards raised his estimates on Wednesday afternoon following the fourth-quarter key figures./ag/ck

  Publication of the original study: January 22, 2025 / 4:56 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  RBC raises target for Adidas to 290 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Adidas from €285 to €290 and maintained its rating at "Outperform." Analyst Piral Dadhania raised his estimates Wednesday evening following the fourth-quarter key figures./ag/mf

  Publication of the original study: January 22, 2025 / 5:31 p.m. / EST

  First distribution of the original study: January 23, 2025 / 12:45 a.m. / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  Warburg Research maintains Adidas' 'Hold' rating - target 250 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its "Hold" rating for Adidas with a price target of €250. The earnings surprise was even bigger than expected, wrote analyst Jörg Frey in his reaction to key data released Wednesday. Given the strong momentum at the end of the year, revenue growth of more than ten percent is possible in 2025 – with a simultaneous sustained margin improvement./ag/mis

  Publication of the original study: January 22, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  JPMorgan raises target for Adidas to 275 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Adidas from €266 to €275 following initial key figures for last year and maintained the rating at "Overweight." "The training season is over," wrote analyst Olivia Townsend in her commentary on the key figures released Wednesday. The Herzogenaurach-based company presented strong results. Operating profit was driven by sales growth that clearly exceeded expectations. The official outlook for 2025 is yet to come, but the signals are already strong. Townsend removed the "Positive Catalyst Watch" tag from Adidas shares after the positive events occurred as expected./ag/zb

  Publication of the original study: January 22, 2025 / 00:35 / GMT

  First distribution of the original study: January 22, 2025 / 00:56 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Barclays keeps Adidas at 'Equal Weight' - Target 230 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Adidas at "Equal Weight" with a price target of €230. Adidas clearly exceeded expectations in the fourth quarter, analyst Wendy Liu wrote on Tuesday evening after the key figures were released. Her highlights include the Yeezy-adjusted sales growth of 18 percent and the gross margin of 49.8 percent. The latter is one of the highest in the company's recent history./ag/bek

  Publication of the original study: January 21, 2025 / 10:29 PM / GMT

  First distribution of the original study: January 22, 2025 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  UBS maintains Adidas 'Buy' - target 280 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas following preliminary quarterly figures, with a price target of €280. Sales exceeded the consensus estimate by 11 percent, wrote analyst Zuzanna Pusz in an initial reaction released Tuesday. This should provide short-term support for the sporting goods group's share price, despite its strong performance last year./edh/he

  Publication of the original study: January 21, 2025 / 6:16 PM / GMT. First distribution of the original study: January 21, 2025 / 6:16 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 21, 2025

  Jefferies maintains Adidas on 'Hold' - target 220 euros

  NEW YORK (dpa-AFX Analyst) - Following preliminary quarterly figures, analyst Jefferies has maintained its rating for Adidas at "Hold" with a price target of €220. The sporting goods company's adjusted sales growth has accelerated noticeably compared to the previous quarter, wrote analyst James Grzinic in an initial response released Tuesday.

  Publication of the original study: January 21, 2025 / 2:05 p.m. / ET First distribution of the original study: January 21, 2025 / 2:05 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 10, 2025

  Bernstein maintains Adidas' 'Outperform' rating - target 300 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Outperform" with a price target of €300 following figures from its most important Chinese trading partner, Pou Sheng. The Chinese company's sales fell by 3.9 percent on a monthly basis in December, analyst Aneesha Sherman emphasized in a study released Friday. However, for Nike and Adidas, she concluded that demand in China is gradually improving.

  Publication of the original study: January 10, 2025 / 1:19 PM / UTC

  First distribution of the original study: January 10, 2025 / 1:19 PM / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 9, 2025

  RBC raises target for Adidas to 285 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Adidas from €270 to €285 ahead of the start of the reporting season and maintained its rating at "Outperform." Sales trends among luxury goods companies are expected to have stabilized in the past quarter, wrote analyst Piral Dadhania in an industry report released Thursday. He sees opportunities in the US, while at least he does not expect any further deterioration in China. LVMH and Richemont are likely to be the most robustly positioned, while Kering and Swatch face risks. In the sporting goods sector, Dadhania prefers Adidas due to its superior sales growth compared to Puma, but expects both companies to post strong figures for the past quarter. The focus for both should also be on the outlook.

  Publication of the original study: January 9, 2025 / 1:03 AM / EST

  First distribution of the original study: January 9, 2025 / 1:03 AM / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 4, 2025

  Bernstein raises Adidas to 'Outperform' and price target to 300 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has upgraded Adidas from "Market-Perform" to "Outperform" and raised its price target from €212 to €300. After five years of devastating market share losses, Adidas likely grew again last year, analyst Aneesha Sherman wrote in a report released Monday. However, the stock hasn't moved much in the last eight months, as investors likely wondered whether management could sustain the new momentum. She believes so. Bernstein's franchise analysis, channel audits, and customer feedback indicate that the sporting goods manufacturer will be able to significantly continue its growth trajectory over the next two years, Sherman wrote./ck/tih

  Publication of the original study: January 4, 2025 / 8:09 p.m. / UTC

  First distribution of the original study: January 6, 2025 / 4:30 p.m. / UTC

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 20, 2024

  JPM leaves Adidas at 'Overweight' - Benefits from Nike weakness

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" with a price target of €266. The Herzogenaurach-based brand is particularly strong in the lifestyle sector, and the company will continue to benefit from Nike's weakness in 2025, wrote analyst Olivia Townsend in her commentary on the American company's results released Friday. Their meager sales targets offer Adidas the opportunity to further steal market share./ag/ajx

  Publication of the original study: December 20, 2024 / 6:36 a.m. / GMT First distribution of the original study: December 20, 2024 / 6:51 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 11, 2024

  RBC maintains Adidas' 'Outperform' rating - Target 270 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained Adidas' "Outperform" rating with a price target of €270. The improving US economy is supporting shares of luxury goods and sporting goods manufacturers, analyst Piral Dadhania wrote in an industry outlook for 2025 published Thursday. Recent data, including from China, strengthened his confidence in a stabilization of sales starting in the current quarter. In the luxury goods sector, he favors LVMH, Burberry, and Watches of Switzerland, and in the sporting goods sector, Adidas. The Herzogenaurach-based company's strong growth profile speaks in its favor./gl/mis

  Publication of the original study: December 11, 2024 / 8:19 PM / EST. First distribution of the original study: December 12, 2024 / 12:45 AM / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 10, 2024

  UBS maintains Adidas 'Buy' - target 280 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Adidas with a price target of €280. Official tax and customs searches of several Adidas locations are not entirely surprising, wrote analyst Zuzanna Pusz in a study released Wednesday. A corresponding risk provision will be mentioned in the 2022 annual report./bek/stk

  Publication of the original study: December 10, 2024 / 11:51 PM / GMT

  First distribution of the original study: December 10, 2024 / 11:51 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 9, 2024

  RBC maintains Adidas' 'Outperform' rating - favorite for 2025

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €270. The Herzogenaurach-based company's shares are among analyst Piral Dadhania's favorites for 2025 in the luxury and premium brands sector. In his outlook published on Monday, he also highlights LVMH, Burberry, and Watches of Switzerland./ag/gl

  Publication of the original study: December 9, 2024 / 12:46 AM / EST. First distribution of the original study: December 9, 2024 / 12:46 AM / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 29, 2024

  JPMorgan lowers Adidas target - 'Positive Catalyst'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Adidas from €275 to €266, but maintained its "Overweight" rating. Analyst Chiara Battistini also gave the shares a "Positive Catalyst Watch" rating in her outlook published on Monday, signaling particular optimism for the share price's short-term performance. Adidas and On are the first choice to benefit from the positive outlook for the sporting goods industry./ag/zb

  Publication of the original study: November 29, 2024 / 6:31 p.m. / GMT

  First distribution of the original study: December 2, 2024 / 12:15 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 25, 2024

  UBS maintains Adidas 'Buy' - target 280 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "buy" rating on Adidas with a price target of €280. New capital is apparently beginning to flow into the important North American market, where the sporting goods manufacturer appears well positioned to benefit from the weaknesses of its competitor Nike, analyst Zuzanna Pusz wrote in her assessment published Monday. The region could become an important growth driver in the coming years. Adidas remains their preferred European sector stock./gl/ag

  Publication of the original study: November 25, 2024 / 05:56 / GMT First distribution of the original study: November 25, 2024 / 05:56 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 22, 2024

  Hauck Aufhäuser IB maintains Adidas at 'Sell' - target 160 euros

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has maintained its rating for Adidas at "Sell" with a price target of €160. Market expectations for 2025 are likely to prove too ambitious, wrote analyst Christian Salis in his assessment published Friday. Furthermore, the shares are much more expensive than Puma and Nike./ag/ajx

  Publication of the original study: November 22, 2024 / 8:28 a.m. / CET

  First distribution of the original study: November 22, 2024 / 8:28 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 11, 2024

  Bernstein maintains Adidas at 'Market Perform' - Target 212 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Market-Perform" with a price target of €212. Analyst Aneesha Sherman, in a study released Monday, cited an interim report from Pou Sheng, the largest Chinese wholesale partner of Nike and Adidas. At 4.7 percent, the company reported an increase in monthly retail sales for the first time since February. However, their conclusion remains: While demand in Western markets continues to grow, the global economic situation for sporting goods remains unstable./tih/la

  Publication of the original study: November 11, 2024 / 1:45 p.m. / UTC First distribution of the original study: November 11, 2024 / 1:45 p.m. / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 5, 2024

  RBC maintains Adidas' 'Outperform' rating - Target 270 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €270. Adidas has the strongest momentum among all the sporting goods companies it covers, analyst Piral Dadhania wrote Tuesday evening after a roadshow with the CFO./ag/gl

  Publication of the original study: November 5, 2024 / 5:33 p.m. / EST. First distribution of the original study: November 6, 2024 / 12:45 a.m. / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  Deutsche Bank Research raises target for Adidas to 275 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its price target for Adidas from €270 to €275 and maintained its "Buy" rating. The Herzogenaurach-based company is not a "one-trick pony" and excels across categories, countries, and sales channels, wrote analyst Adam Cochrane in his commentary on the quarterly report released Wednesday. The brand strength is noticeable, and the order books support double-digit growth into the new year./ag/nas

  Publication of the original study: October 30, 2024 / Time not specified in the study / CET

  First distribution of the original study: October 30, 2024 / 08:17 / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 30, 2024

  UBS raises target for Adidas to 280 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Adidas from 279 to 280 euros and maintained its "buy" rating. Adidas is in a league of its own, wrote analyst Zuzanna Pusz in her commentary on the results released Wednesday. The tone for 2025 in the conference call was positive./ag/ajx

  Publication of the original study: October 30, 2024 / 1:01 a.m. / GMT

  First distribution of the original study: October 30, 2024 / 1:01 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 29, 2024

  RBC maintains Adidas' 'Outperform' rating - Target 265 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" following detailed figures, with a price target of €265. Earnings per share were higher than expected, analyst Piral Dadhania wrote on Tuesday morning following the previously released detailed quarterly figures. The robust developments have been confirmed./ag/zb

  Publication of the original study: October 29, 2024 / 3:12 a.m. / EDT

  First distribution of the original study: October 29, 2024 / 3:12 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 29, 2024

  Goldman leaves Adidas at 'Neutral' - Target 260 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Adidas at "Neutral" with a price target of €260. The Herzogenaurach-based company grew well in the third quarter, wrote analyst Richard Edwards on Tuesday evening after the company's results. More momentum in the US wholesale sector is still to come./ag/ajx

  Publication of the original study: October 29, 2024 / 5:28 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 29, 2024

  RBC raises target for Adidas to 270 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has raised its price target for Adidas from €265 to €270 and maintained its rating at "Outperform." The Herzogenaurach-based company is pursuing its own path, but is not receiving the appropriate recognition, wrote analyst Piral Dadhania on Monday evening after the results./ag/ajx

  Publication of the original study: October 29, 2024 / 6:13 p.m. / EDT

  First distribution of the original study: October 30, 2024 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 29, 2024

  UBS maintains Adidas 'Buy' - target 279 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Adidas at "Buy" with a price target of €279. Analyst Zuzanna Pusz wrote Tuesday morning after the figures were released that operating results were likely slowed by special factors. These were not quantified. Further details will likely be provided during the conference call./ag/nas

  Publication of the original study: October 29, 2024 / 7:13 a.m. / GMT

  First distribution of the original study: October 29, 2024 / 7:13 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 29, 2024

  JPMorgan maintains Adidas at 'Overweight' - target 275 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" with a price target of €275. All eyes are once again on the teleconference, analyst Olivia Townsend wrote on Tuesday morning after the results. However, new details following the key figures published two weeks ago are positive./ag/nas

  Publication of the original study: October 29, 2024 / 7:42 a.m. / GMT

  First distribution of the original study: October 29, 2024 / 7:42 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 29, 2024

  Baader Bank maintains Adidas' 'Add' rating - target 238 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Adidas at "Add" with a price target of €238. Analyst Volker Bosse attested to the Herzogenaurach-based company's very strong final results for the third quarter on Tuesday morning./ag/nas

  Publication of the original study: October 29, 2024 / 8:30 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 29, 2024

  Jefferies maintains Adidas on 'Hold' - target 220 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Adidas with a price target of €220. Following the pre-publication, the quarterly report was unspectacular, wrote analyst James Grzinic on Tuesday morning. All eyes are on the conference call./ag/mis

  Publication of the original study: October 29, 2024 / 3:16 a.m. / ET

  First distribution of the original study: October 29, 2024 / 3:16 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 17, 2024

  Baader Bank upgrades Adidas to 'Add' - target raised to 238 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has upgraded Adidas from "Reduce" to "Add" and raised its price target from €169 to €238. The sporting goods manufacturer is making faster progress than expected in returning to profitability, analyst Volker Bosse wrote in a commentary published Thursday. He raised his estimates for 2024 and beyond. Regarding the new assessment of the stock, he also pointed to the increased industry valuation and the postponed valuation period./gl/jha/

  Publication of the original study: October 17, 2024 / 1:16 PM / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 16, 2024

  Baader Bank maintains Adidas on 'Reduce' - target 169 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Adidas at "Reduce" with a price target of €169 following preliminary third-quarter figures. Analyst Volker Bosse cited strong figures in a study released Wednesday. However, the sportswear manufacturer's results also benefited from sales of Yeezy brand inventory./bek/ck

  Publication of the original study: October 16, 2024 / 7:59 a.m. / CEST

  First distribution of the original study: October 16, 2024 / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 16, 2024

  Bernstein maintains Adidas at 'Market Perform' - Target 207 euros

  NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Adidas at "Market-Perform" with a price target of €207 following preliminary third-quarter figures. The sportswear manufacturer has again raised its targets, analyst Aneesha Sherman wrote in a report released Wednesday. Continued strong demand for lifestyle products has driven profitability./bek/ck

  Publication of the original study: October 16, 2024 / 00:28 / UTC

  First distribution of the original study: October 16, 2024 / 04:01 / UTC

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 16, 2024

  JPMorgan raises target for Adidas to 275 euros - 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Adidas from €260 to €275 following third-quarter results and maintained its "Overweight" rating. Operating profit (EBIT) was 7 percent above the consensus forecast, analyst Olivia Townsend wrote in a report released Wednesday. With its statements for the full year, the sporting goods manufacturer is now catching up with market expectations./bek/ajx

  Publication of the original study: October 16, 2024 / 7:19 a.m. / BST

  First distribution of the original study: October 16, 2024 / 7:19 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 16, 2024

  Warburg Research raises target for Adidas to 250 euros - 'Hold'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research raised its price target for Adidas from €245 to €250 following preliminary quarterly figures and maintained its "Hold" rating. The sporting goods company delivered unexpectedly strong results, analyst Jörg Frey wrote in a report released Wednesday. The third annual outlook increase was widely expected. The expert raised his forecasts./edh/ajx

  Publication of the original study: October 16, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in the study / Time not specified in the study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 16, 2024

  Deutsche Bank raises target for Adidas to 270 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Adidas from €265 to €270 following quarterly results and maintained its "Buy" rating. Sales and margins were better than expected, analyst Adam Cochrane wrote in a report released Wednesday. The sporting goods company also raised its annual targets. The only question is why operating costs increased by 5 percent, while remaining unchanged in the first half of the year./edh/bek

  Publication of the original study: October 16, 2024 / Time not specified in the study / CET

  First distribution of the original study: October 16, 2024 / 8:02 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 15, 2024

  RBC raises target for Adidas to 265 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Adidas from €260 to €265 and maintained its rating at "outperform." The sporting goods manufacturer's encouraging preliminary figures were expected, analyst Piral Dadhania wrote in a report released Wednesday. Adidas is expected to maintain double-digit growth rates in 2025, given a weaker competitor Nike, strong brand momentum, and growth also encompassing the performance and running categories. With his estimates, the expert remains slightly above average market expectations for 2024 and 2025./ajx/bek

  Publication of the original study: October 15, 2024 / 4:35 p.m. / EDT

  First distribution of the original study: October 15, 2024 / 4:35 p.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 15, 2024

  UBS maintains Adidas 'Buy' - target 279 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Adidas with a price target of €279 following the sporting goods manufacturer's preliminary quarterly figures. Analyst Zuzanna Pusz highlighted the surprisingly high gross margin in her initial reaction on Tuesday.

  Publication of the original study: October 15, 2024 / 5:28 PM / GMT. First distribution of the original study: October 15, 2024 / 5:28 PM / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 15, 2024

  Jefferies maintains Adidas on 'Hold' - target 220 euros

  NEW YORK (dpa-AFX Analyst) - Following preliminary figures and an increase in the sporting goods manufacturer's forecast, analyst Jefferies has maintained a "Hold" rating on Adidas with a price target of €220. The raised operating profit (EBIT) target is now above the consensus estimate, analyst James Grzinic wrote in his commentary on Tuesday. He also praised the gross margin in the third quarter.

  Publication of the original study: October 15, 2024 / 2:25 p.m. / ET. First distribution of the original study: October 15, 2024 / 2:25 p.m. / ET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 14, 2024

  UBS raises target for Adidas to 279 euros - 'Buy'

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Adidas from €275 to €279 ahead of its quarterly results and maintained its "Buy" rating. Analyst Zuzanna Pusz wrote in a report released Monday that the sporting goods company appears to be showing no signs of a slowdown in business. It raised its earnings forecasts (EBIT) for the years 2024 to 2026./edh/zb

  Publication of the original study: October 14, 2024 / 1:19 AM / GMT

  First distribution of the original study: October 14, 2024 / 1:19 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 9, 2024

  Warburg Research maintains Adidas' 'Hold' rating - target 245 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Adidas at "Hold" with a price target of €245. Analyst Jörg Frey prepared investors for another strong quarterly report in his outlook published on Wednesday./ag/gl

  Publication of the original study: October 9, 2024 / 8:15 a.m. / CEST. First distribution of the original study: Date not specified in study / Time not specified in study / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 7, 2024

  RBC maintains Adidas' 'Outperform' rating - Target 260 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €260. In his industry analysis published Tuesday, Piral Dadhania revised his list of the best investment ideas in the European luxury goods and sporting goods sector – also influenced by the recent outlook in China. He views the luxury segment more neutrally than last year due to several profit warnings, but LVMH and Watches of Switzerland remain his preferred stocks. Adidas is growing fastest in the sporting goods business./tih/ag

  Publication of the original study: October 7, 2024 / 5:33 p.m. / EDT

  First distribution of the original study: October 8, 2024 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 3, 2024

  RBC raises target for Adidas to 260 euros - 'Outperform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has raised its price target for Adidas from €250 to €260 and maintained its rating at "outperform." The Herzogenaurach-based company is operating at full capacity, wrote analyst Piral Dadhania in his outlook for the quarterly report released Friday. It is quite possible that they will increase their annual targets./ag/zb

  Publication of the original study: October 3, 2024 / 9:50 a.m. / EDT

  First distribution of the original study: October 4, 2024 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 3, 2024

  Deutsche Bank Research maintains Adidas' 'Buy' rating - target 265 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Adidas at "Buy" with a price target of €265. Things will be sluggish for Nike for a while longer, but this isn't exactly a negative for Adidas, wrote analyst Adam Cochrane in his commentary on the American company's figures released Thursday./ag/edh

  Publication of the original study: October 3, 2024 / Time not specified in study / CET

  First distribution of the original study: October 3, 2024 / 8:05 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 2, 2024

  Warburg Research maintains Adidas' 'Hold' rating - target 245 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Adidas at "Hold" following Nike's quarterly report, with a price target of €245. The Americans are waiting for their luck to turn around again, wrote analyst Jörg Frey in his commentary published on Wednesday. Their outlook is not a signal of additional market weakness, but rather of a company-specific nature./ag/tih

  Publication of the original study: October 2, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 2, 2024

  UBS maintains Adidas 'Buy' - target 275 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Adidas at "Buy" following Nike's results, with a price target of €275. The American report suggests positive conclusions for Adidas, wrote analyst Zuzanna Pusz in her commentary published Wednesday. Nike's transition period offers opportunities for the Herzogenaurach-based company./ag/gl

  Publication of the original study: October 2, 2024 / 00:18 / GMT First distribution of the original study: October 2, 2024 / 00:18 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 2, 2024

  JPMorgan maintains Adidas at 'Overweight' - target 260 euros

  NEW YORK (dpa-AFX Analyst) - Following Nike's results, US bank JPMorgan has maintained its rating for Adidas at "Overweight," with a price target of €260. The shares also retain the "Positive Catalyst Watch" label for particular optimism ahead of the quarterly report. The Nike report's signaling power for European competitors is limited, and many aspects are company-specific, wrote analyst Olivia Townsend in her commentary published Wednesday. However, the conference call revealed the current strength of others, especially Adidas./ag/gl

  Publication of the original study: October 2, 2024 / 12:52 AM / BST First distribution of the original study: October 2, 2024 / 12:52 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 30, 2024

  JPMorgan maintains Adidas at 'Overweight' - target 260 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" with a price target of €260. The Herzogenaurach-based company's shares also retain the "Positive Catalyst Watch" label for short-term optimism regarding a reassuring quarterly report. Analyst Olivia Townsend adjusted her estimates only slightly in her outlook published on Tuesday, reflecting recent data and discussions./ag/zb

  Publication of the original study: September 30, 2024 / 8:46 PM / BST

  First distribution of the original study: October 1, 2024 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 30, 2024

  Jefferies maintains Adidas on 'Hold' - target 220 euros

  NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for Adidas at "Hold" with a price target of 220 euros ahead of quarterly figures. The impressive sales momentum of the "miracle with the three stripes" in the first half of the year suggests further confirmation with the key figures for the third quarter, wrote analyst James Grzinic in his outlook published on Tuesday./edh/ag

  Publication of the original study: September 30, 2024 / 5:20 PM / ET

  First distribution of the original study: September 30, 2024 / 5:20 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  JPMorgan maintains Adidas at 'Overweight' - target 260 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" with a price target of €260 ahead of the sporting goods manufacturer's quarterly results. Analyst Olivia Townsend is confident in her forecasts of higher growth in the third quarter compared to the same period last year. Adidas has "Positive Catalyst Watch" status, according to a study released Thursday. The expert therefore expects positive news regarding the presentation of the figures./ajx/la

  Publication of the original study: September 26, 2024 / 12:33 PM / BST

  First distribution of the original study: September 26, 2024 / 12:34 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  JPMorgan leaves Adidas at 'Overweight'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Adidas at "Overweight" with a price target of €260. Olivia Townsend's industry analysis, published Thursday, also labeled the shares "Positive Catalyst Watch," indicating particular short-term optimism regarding the share price trend. Adidas is currently gaining momentum in North America, according to the expert. It also sees scope for long-term estimates./ag/zb

  Publication of the original study: September 26, 2024 / 12:33 AM / BST

  First distribution of the original study: September 26, 2024 / 12:34 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 9, 2024

  Barclays lowers Adidas to 'Equal Weight' - target 215 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has downgraded Adidas from "Overweight" to "Equal Weight" and lowered its price target from €254 to €215. Following her trip to China in August, analyst Wendy Liu expects continued weak demand. Competition is increasing, and 2025 will be challenging, she wrote in her commentary published on Monday. She also anticipates increasing skepticism in the medium term. Adidas shares are appropriately valued, also considering the uncertain US recovery./ag/la

  Publication of the original study: September 9, 2024 / 4:30 a.m. / GMT First distribution of the original study: September 9, 2024 / 4:45 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 6, 2024

  Goldman leaves Adidas at 'Neutral' - Target 260 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Adidas at "Neutral" with a price target of €260. Analyst Richard Edwards adjusted his expectations for medium-term earnings in his commentary published on Monday, citing the impact of the gross margin and the gradual adjustment of operating costs. Overall, however, the adjustments are not significant./tih

  Publication of the original study: September 6, 2024 / 5:02 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2024

  RBC maintains Adidas' 'Outperform' rating - target €250

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Adidas at "Outperform" with a price target of €250 following an expert discussion on the company's Asian business. Demand trends in Asia are subdued. In China, brick-and-mortar retail is under pressure due to lower customer demand and a partial shift in demand to Japan, analyst Piral Dadhania wrote in a study released Wednesday. In the short term, there is only limited hope for improvement, especially in the luxury goods sector. The situation in the sporting goods sector is not quite as bad./tih/ck

  Publication of the original study: September 3, 2024 / 5:57 PM / EDT

  First distribution of the original study: September 4, 2024 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.