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ADDYY

adidas

$85.07

-0.69 (-0.80%)

16:13
10/13/16
10/13
16:13
10/13/16
16:13

adidas initiated with an Overweight at Piper Jaffray

Piper Jaffray analyst Erinn Murphy initiated adidas with an Overweight rating and EUR173 price target.

ADDYY adidas
$85.07

-0.69 (-0.80%)

09/08/16
PIPR
09/08/16
DOWNGRADE
Target $58
PIPR
Neutral
Nike downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Erinn Murphy downgraded Nike (NKE) to Neutral after visiting Germany, United Kingdom and France. The resurgence of adidas (ADDYY) has taken a toll on Nike's growth rate in the region, Murphy tells investors in a research note. Nike is also seeing accelerating competition in Europe from Puma, New Balance and surprisingly Reebok, the analyst adds. She points out that markdowns of Nike products were consistent in the region, unlike other brands. Murphy keeps a $58 price target for Nike shares. The athletic brand closed yesterday up 31c to $57.72.
05/17/16
SBSH
05/17/16
NO CHANGE
SBSH
Buy
Citi views 14% pullback in Nike shares as an opportunity
In the latest edition of their firm's Head to Head series, Citi analysts Kate McShane and Corinna Van der Ghinst say Nike (NKE) wins on most metrics when compared to Under Armour (UA) and Adidas (ADDYY). All three brands will likely benefit from "solid" global category growth over the next several years, but Nike still comes out on top given its "consistently strong sales growth and global market share leadership, powerful digital presence," margin expansion potential and attractive relative valuation, McShane and Van der Ghinst tells investors in a research note. They view the 14% pullback in shares of Nike over the past four months as an opportunity to invest in a "best-in-class global secular growth story." Citi analysts have a Neutral rating on adidas and Buy ratings on both Nike and Under Armour.
05/04/16
MSCO
05/04/16
UPGRADE
MSCO
Equal Weight
adidas upgraded to Equal Weight from Underweight at Morgan Stanley
04/28/16
UBSW
04/28/16
DOWNGRADE
UBSW
Neutral
adidas downgraded to Neutral from Buy at UBS

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