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UBS has reiterated its buy recommendation for adidas, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
UBS has reaffirmed its Buy recommendation for adidas, maintaining a target price of €280, indicating a potential upside of 31%. Meetings with local management in the U.S. suggest the company is poised for significant growth in North America in the fourth quarter and beyond. Additionally, adidas has raised its 2024 operating profit forecast to €1.2 billion, up from the previous estimate of around €1 billion.
adidas shares have been rated as a "Buy" by UBS AG, with a target date of November 25, 2024. The current share price stands at €219.20, reflecting an increase of €5.20 or 2.43%. Investors are encouraged to consider this positive outlook for the brand.
Adidas shares have shown a positive trend, recently reaching €221.70, reflecting a 28.77% annual increase. Analysts have raised price targets, with Deutsche Bank at €275 and Stifel at €267, while RBC maintains an "Outperform" rating at €270, highlighting Adidas' strong momentum in the sporting goods sector.
Ruben Amorim"s arrival at Manchester United comes amid significant financial challenges, with the club facing £312.9 million in losses over three seasons. Tasked with revitalizing a talented yet inconsistent squad, Amorim must prioritize youth development and tactical cohesion while navigating a lean transfer budget. The pressure for immediate results looms large, as the club risks further setbacks if they fail to secure Champions League qualification.
On Holding AG has raised its sales outlook for the year, now expecting at least 2.29 billion Swiss francs ($2.6 billion) as it intensifies competition with giants like Adidas and Nike. The Swiss sneaker maker reported a record high in net sales last quarter, up 33% year-over-year, driven by increased sales through its own stores and websites.
U.S. markets experienced declines ahead of the presidential election, with the Dow Jones down 0.61% and the S&P 500 dipping 0.28%. Despite this volatility, historical trends suggest stocks typically rise post-election, although short-term fluctuations may occur. Consumer confidence in equities has reached an all-time high, reflecting optimism amid uncertainty.
UBS has reiterated its buy recommendation for adidas, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA maintaining a conflict of interest management policy to ensure objectivity in its investment recommendations.
UBS has reaffirmed its Buy recommendation for adidas, maintaining a target price of €279, indicating a potential upside of 30%. The company reported third-quarter sales of €6.438 billion, reflecting a 10% increase, and expects an operating profit of €1.2 billion for 2024, up from a previous estimate of €1 billion.
UBS has increased its price target for Adidas from 279 to 280 euros while maintaining a "Buy" rating. Analyst Zuzanna Pusz highlighted Adidas's strong market position, noting a positive outlook for 2025 during a recent conference call.
adidas AG
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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