HAMBURG (dpa-AFX Broker) - Analysts Warburg Research upgraded Adidas from "hold" to "buy", but lowered the price target from 185 to 180 euros. "Ready for a comeback," analyst Jörg Frey headlined in a report available Friday. After the stock severely underperformed in 2022 in the face of disappointing sales and margins, earnings and news flow would improve again in 2023. The sporting goods maker should beat near-term earnings estimates. The low 2022 margin should now result in a period where Adidas will outperform U.S. rival Nike./ajx/mis

Publication of the original study: 27.01.2023 / 08:15 / CET

First disclosure of original study: Date not stated in study / Time not stated in study / CET

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