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Jefferies Sticks to Its Buy Rating for adidas AG (0OLD)

Tipranks - Tipranks - Thu Mar 5, 7:02AM CST

Jefferies analyst James Grzinic maintained a Buy rating on adidas AG today and set a price target of €220.00.

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Grzinic covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Kering SA, and Hermes International. According to TipRanks, Grzinic has an average return of 4.4% and a 57.63% success rate on recommended stocks.

In addition to Jefferies, adidas AG also received a Buy from Deutsche Bank ‘s Adam Cochrane in a report issued today. However, on the same day, Goldman Sachs 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 September 30, the company reported a quarterly revenue of €6.63 billion and a net profit of €461 million. In comparison, last year the company earned a revenue of €6.44 billion and had a net profit of €443 million

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