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European banking stocks continue to rally, with the Stoxx 600 Banks Index up 25% this year, marking its best quarterly performance since 2020. Ferrari received buy-equivalent ratings from Barclays and Kepler Cheuvreux after reaffirming its financial guidance, highlighting its resilience. Meanwhile, Adidas and Puma are under scrutiny following Lululemon Athletica's disappointing outlook, raising concerns about consumer spending in the sports apparel sector.
Adidas plans to cut up to 500 jobs at its headquarters in Herzogenaurach, Germany, representing nearly 9% of its workforce there. This decision follows a strong performance in Q4 2024, with the company citing a need to simplify its operating model for long-term success. The layoffs are not intended as a cost-cutting measure, and specific numbers remain unconfirmed.
UBS has adjusted its price target for Academy Sports and Outdoors to $54 from $55 while maintaining a neutral rating. The retailer specializes in sporting goods and outdoor recreation, offering a wide range of products across various categories, including outdoor gear, apparel, and footwear, featuring both national brands and a diverse portfolio of private label brands.
Deutsche Bank has lowered its price target for Adidas AG to €280 from €300 while maintaining a Buy rating, citing the company's operational efficiency and strong earnings momentum. Despite a flat share price since April 2024, Adidas has shown a 27.6% total return over the past year and is expected to lead in sales and EPS growth into 2025. Analysts also noted a significant fourth-quarter revenue increase of 24% year-over-year, alongside plans to cut up to 500 jobs at its German headquarters to streamline operations.
UBS has maintained its "Buy" rating for Adidas, setting a target price of 289 euros. Analyst Robert Krankowski highlighted a "beat-and-raise story," indicating that the company has exceeded expectations and will likely continue to raise its targets following a positive conference call.
UBS has raised its price target for Adidas to €289 from €280, indicating a potential upside of 13%. The firm believes Adidas can sustain a sales growth of around 10% beyond 2025, driven by a recovery in North American market share and an EBIT margin exceeding 10%. Bjorn Gulden, leading the company since 2022, remains optimistic about gaining market share across all regions.
UBS has increased its price target for Adidas from 280 to 289 euros while maintaining a "Buy" rating. Analyst Robert Krankowski believes concerns about the company's momentum ending in 2025 are overstated and has raised earnings estimates by five percent.
UBS has upgraded its price target for Adidas from 280 to 289 euros, maintaining a "Buy" rating. Analyst Robert Krankowski believes concerns about momentum ending in 2025 are overstated and has increased earnings estimates by 5%. Currently, Adidas shares are trading at EUR 252.30, reflecting a potential rise of 14.55%.
adidas AG, a leading global designer and manufacturer of sports equipment and goods, reports that its net sales are primarily derived from shoes (56.7%), apparel (36.4%), and sports equipment (6.9%). By the end of 2023, the company operates over 2,000 stores worldwide, with significant sales distribution across Europe, North America, and China.
UBS has increased its price target for Adidas from 280 to 289 euros, maintaining a "Buy" rating. Analyst Robert Krankowski believes concerns about the company's momentum ending in 2025 are overstated and has raised earnings estimates by five percent.
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