Adidas: UBS reiterates buy recommendation
(CercleFinance.com) - UBS reiterates its Buy recommendation on the stock, leaving its target price unchanged at E280, which represents 31% upside potential.
Our meetings with local adidas management in the US have confirmed that the company is on track for significant acceleration in North America in the fourth quarter and beyond, UBS says.
adidas now expects operating profit of E1.2bn for 2024 (previously: around E1bn).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Our meetings with local adidas management in the US have confirmed that the company is on track for significant acceleration in North America in the fourth quarter and beyond, UBS says.
adidas now expects operating profit of E1.2bn for 2024 (previously: around E1bn).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.