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adidas AG (0OLD) Receives a Buy from Telsey Advisory

Tipranks - Tipranks - Fri Mar 6, 12:22AM CST

Telsey Advisory analyst Joe Feldman maintained a Buy rating on adidas AG yesterday. The company’s shares closed yesterday at €141.80.

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Feldman covers the Consumer Cyclical sector, focusing on stocks such as Floor & Decor Holdings, Best Buy Co, and Amazon. According to TipRanks, Feldman has an average return of 4.8% and a 51.74% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for adidas AG with a €220.73 average price target, representing a 55.66% upside. In a report released yesterday, Jefferies also assigned a Buy rating to the stock with a €190.00 price target.

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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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