(CercleFinance.com) – The adidas share rose 3% and outperformed the trend in Frankfurt, against the backdrop of a reaffirmation by Stifel of its ‘buy’ recommendation despite a price target reduced from 260 to 220 euros on the supplier’s stock German Sporting Goods.
“In the context of a deteriorating environment and a negative backdrop in China, we continue to expect adidas to derail compared to its trajectory initially announced for 2022”, judges the broker before its semi-annual of August 4.
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