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Fly News Breaks for September 16, 2019
ADDYY
Sep 16, 2019 | 09:30 EDT
OTR Global upgraded Adidas to Mixed from Negative following checks that indicate the order outlook for Western Europe and the United States improved, aided by easier comps, increased access to slightly better offerings, the relaunch of Superstar, and new story openings in China.
News For ADDYY From the Last 2 Days
ADDYY
Apr 19, 2024 | 15:29 EDT
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Apr 18, 2024 | 15:29 EDT
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Apr 18, 2024 | 12:37 EDT
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Apr 17, 2024 | 15:16 EDT
ADDYY
Apr 17, 2024 | 07:46 EDT
Wedbush raised the firm's price target on Adidas to EUR 200 from EUR 193 and keeps a Neutral rating on the shares. Momentum appears to be building up at Adidas, following a strong Q1 preannouncement and guidance raise on both the top and bottom lines, the firm says. Wedbush believes that brand heat is accelerating, and they should benefit as channel inventory improves. That said, a lot of the good news is already factored into the stock, the firm adds.
ADDYY
Apr 17, 2024 | 06:25 EDT
Bernstein analyst Aneesha Sherman raised the firm's price target on Adidas to $104.20 from $100.97 and keeps a Market Perform rating on the shares. The firm notes Adidas pre-announced a strong Q1 and raised FY guide, mostly from passing on the Q1 beat. While Bernstein's numbers were already ahead of the raised full year guide, it takes them up slightly further, as the firm believes the Q2-4 guide remains conservative given the strong Q1 performance.
