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RBS OVERLY BULLISH ON ADIDAS $305 PRICE TARGET UPGRADE

OTC:ADDYY   adidas AG
Adidas price target raised to EUR305 at RBC Capital. RBC Capital analyst Piral Dadhania raised his price target on Adidas to EUR305 from EUR275 and kept his Outperform rating ahead of its Q2 results next month. The analyst says the company's second-half of FY19 revenue growth acceleration is well supported and FY19 guidance looks achievable, even though its share price strength and valuation may cap near-term gain. Read more at: https://thefly.com/landingPageNews.php?i...

DESPITE A HUGE UPGRADE THIS IS NOT A POINT TO BE ENTERING THE STOCK, IT IS IN OVERBOUGHT CONDITIONS AND VULNERABLE TO A CONSIDERABLE PULLBACK, WHICH IS DUE AND NEEDED.

AVERAGE ANALYSTS PRICE TARGET $146
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 30

COMPANY PROFILE
RBC Capital analyst Piral Dadhania raised his price target on Adidas to EUR305 from EUR275 and kept his Outperform rating ahead of its Q2 results next month. The analyst says the company's second-half of FY19 revenue growth acceleration is well supported and FY19 guidance looks achievable, even though its share price strength and valuation may cap near-term gain.
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