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Fly News Breaks for April 25, 2019
ADDYY
Apr 25, 2019 | 04:49 EDT
Credit Suisse analyst Simon Irwin downgraded Adidas to Neutral from Outperform with a price target of EUR 235. Although Adidas represents a "reasonably valued play on global sporting goods, the lack of brand momentum is a growing concern," Irwin tells investors in a research note. He believes Adidas' Q1 results are likely to be "soft."
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