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Telsey Advisory Sticks to Their Buy Rating for adidas AG (0OLD)

Tipranks - Tipranks - Fri May 8, 10:36PM CDT

In a report released yesterday, Joe Feldman from Telsey Advisory maintained a Buy rating on adidas AG. The company’s shares closed last Wednesday at €152.00.

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According to TipRanks, Feldman is a 4-star analyst with an average return of 3.2% and a 49.39% success rate. Feldman covers the Consumer Cyclical sector, focusing on stocks such as Floor & Decor Holdings, Dick’s Sporting Goods, and Holley.

In addition to Telsey Advisory, adidas AG also received a Buy from Deutsche Bank ‘s Adam Cochrane in a report issued on April 30. However, on May 5, RBC Capital maintained a Hold rating on adidas AG (LSE: 0OLD).

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Based on adidas AG’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €6.59 billion and a net profit of €482 million. In comparison, last year the company earned a revenue of €6.15 billion and had a net profit of €428 million

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