(CercleFinance.com) – The stock rose by +1% after UBS’s positive analysis. The analyst believes that improving trends will continue in the third quarter. The analyst confirms his buy advice on the stock but lowers his price target to 210 E (instead of 218 E).
‘The upcoming 3rd quarter results should provide further evidence of the recovery of the adidas brand despite the slowdown in the trend in this sector of the industry’ indicates UBS.
‘The market is still very volatile, and we continue to see a lot of uncertainty for the remainder of the year. As there is still a lot of stock on the market, retailers are being very cautious in their pre-orders,’ said Bjørn Gulden, the managing director.
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