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Fly News Breaks for May 4, 2018
NKE, ADDYY
May 4, 2018 | 07:14 EDT
Oppenheimer analyst Anna Andreeva downgraded Adidas (ADDYY) to Perform from Outperform and lowered her price target on the stock to EUR180 from EUR220, calling it a victim of "tough compares" as new product launches in Footwear are not enough to transition from extremely productive franchises like Stan Smith and Superstar. Though North America is still outperforming, it has decelerated, while Western Europe continues moderating, Andreeva tells investors. She added that she sees an opportunity for Nike's (NKE) Epic React to "claw back some share."
News For ADDYY;NKE From the Last 2 Days
ADDYY
Apr 22, 2024 | 12:38 EDT
RBC Capital analyst Piral Dadhania raised the firm's price target on Adidas to EUR 250 from EUR 230 and keeps an Outperform rating on the shares.
