Adidas has been given a 'Buy' rating by UBS, with a target price of 280 euros. The recent tax and customs searches at various Adidas locations were expected and were mentioned in the company's 2022 annual report.
The report, published on December 10, 2024, states that these searches do not significantly impact UBS's outlook on Adidas. UBS remains confident in Adidas's market position despite the ongoing scrutiny.
Investors will be monitoring how Adidas handles these challenges while working towards meeting the target price.