Adidas: RBC Capital Markets still a buyer.

(CercleFinance.com) - RBC Capital Markets maintains its "outperform" rating on adidas and has raised its target price to 215 euros from 200 euros after the German sportswear manufacturer reported solid Q2 results.


"Any slowdown concerns have been addressed with increased full-year 2017 guidance, and a lack of competitor response in North America continues to help," the broker wrote in a research report.

"The stock still appears to be in a beat and raise cycle," RBC adds in the report.


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