Adidas: Barclays raises TP

(CercleFinance.com) - Barclays has confirmed its 'overweight' recommendation on adidas shares, raising its TP for them from E231 to E243, after updating its estimates following the German sports equipment manufacturer's Q1 2024 results.


Although management remains cautious about earnings growth prospects, the broker expects the brand's continued momentum to drive sales and profits. It also points to encouraging signs in the US at Google Trends.


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