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adidas AG (0OLD) Receives a Hold from Berenberg Bank

Tipranks - Tipranks - Sat Mar 21, 8:06AM CDT

In a report released yesterday, Nick Anderson CFA from Berenberg Bank maintained a Hold rating on adidas AG, with a price target of €190.00. The company’s shares closed yesterday at €133.25.

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According to TipRanks, Anderson CFA is an analyst with an average return of -0.6% and a 45.95% success rate. Anderson CFA covers the Consumer Cyclical sector, focusing on stocks such as Hermes International, PUMA SE NPV, and LVMH Moet Hennessy Louis Vuitton.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for adidas AG with a €212.61 average price target, a 59.56% upside from current levels. In a report released on March 5, TipRanks – DeepSeek also downgraded the stock to a Hold with a €149.00 price target.

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Based on adidas AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €6.08 billion and a net profit of €81 million. In comparison, last year the company earned a revenue of €5.97 billion and had a GAAP net loss of €39 million

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