adidas: stock up on a broker upgrade

(CercleFinance.com) - Adidas shares are up about 1%, outperforming the flat trend in Frankfurt (Dax up just 0.
1%), with broker Jefferies having upgraded its rating on the stock of German sporting goods supplier from "hold" to "buy", while raising its corresponding target price from 270 euros to 340 euros.

"A closer inspection of ADS' 2025 plan encourages optimism when considering the 12% to 14% target margin range," the broker says, which sees 22% average annual growth in total shareholder return over 2021-25.


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