Adidas Breaks Into a Sprint -- Market Talk

Dow Jones06-10 13:05

0505 GMT - Adidas has good sales momentum across a range of regions and categories, RBC Capital Markets says, raising its rating on the German sportswear maker to outperform from sector perform. Adidas's revenue growth looks solid, RBC analyst Piral Dadhania says, noting the company's retail-forward strategy and strong order visibility."Momentum is broad based across regions, categories and sports verticals, which is encouraging," Dadhania writes in a note. Still, Adidas has work to do to boost cash generation, he adds. RBC lifts its target price on the stock to 210 euros from 170; shares closed Tuesday at 167.35 euros. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

June 10, 2026 01:05 ET (05:05 GMT)

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