ZURICH (dpa-AFX Analyzer) – The Swiss bank Credit Suisse has raised the price target for Adidas from 295 to 305 euros after a capital market day and left the rating at “neutral”. The five-year plan of the sporting goods manufacturer is ambitious and partly also radical, wrote analyst Simon Irwin in a study published on Thursday. Irwin was disappointed by the short-term initiatives of the Herzogenaurach family. The expert lowered his earnings estimates per share for this year and next. In the long term, the prospects are strong, he justified the increased price target. At the moment, however, the paper is highly rated./ajx/fba
Publication of the original study: 03/11/2021 / 19:33 / UTC First distribution of the original study: date not specified in study / time not specified in study / time zone not specified in study
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