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Bernstein Sticks to Its Buy Rating for adidas AG (0OLD)
Bernstein analyst Aneesha Sherman maintained a Buy rating on adidas AG yesterday and set a price target of €255.00. The company’s shares closed yesterday at €138.05.
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Sherman covers the Consumer Cyclical sector, focusing on stocks such as Nike, On Holding AG, and Deckers Outdoor. According to TipRanks, Sherman has an average return of 2.7% and a 45.36% success rate on recommended stocks.
In addition to Bernstein, adidas AG also received a Buy from UBS’s Robert Krankowski in a report issued on March 16. However, today, Berenberg Bank maintained a Hold rating on adidas AG (LSE: 0OLD).
0OLD market cap is currently €24.65B and has a P/E ratio of 93.22.
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- Adidas price target lowered to EUR 208 from EUR 230 at Morgan Stanley
- Adidas price target lowered to EUR 232 from EUR 257 at Citi
- Adidas price target lowered to EUR 200 from EUR 230 at Deutsche Bank
- Adidas price target lowered to EUR 185 from EUR 210 at Telsey Advisory
- Nike’s China recovery an ‘important sentiment driver’, says RBC Capital
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