(CercleFinance.com) – RBC raised its opinion on adidas stock on Monday to ‘outperformance’ versus ‘performance in line with the sector’ so far.
In a research note, the analyst welcomes the commercial dynamics currently benefiting the sporting goods manufacturer.
He judges that the group has one of the strongest product ranges on the market with the vintage ‘Terrace’ line, an element that he views favorably given the current volatility of demand.
RBC also says it welcomes the new forecasts established by the group, which has given itself a cautious current operating profit (Ebit) target of 500 million euros for 2024, while the consensus was targeting 1.3 billion euros. , thus allowing a ‘readjustment’ of market expectations according to him.
Its price target remains 200 euros.
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