Adidas: adjusted price target at UBS

(CercleFinance.com) - UBS reaffirms its 'buy' recommendation on adidas with an adjusted price target of ?228 to ?231, a new target that implies 14% upside potential for the German sporting goods supplier's stock.


"Yesterday's preliminary release of first-quarter results, with significantly better underlying sales growth and gross margin, confirms the rapid acceleration of the brand's momentum", the broker highlights.

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