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Analysis flash: Deutsche Bank lifts Adidas to 'Buy' - goal increases to 360 euros

Analysis flash: Deutsche Bank lifts Adidas to 'Buy' - goal increases to 360 euros

Analysis flash: Deutsche Bank lifts Adidas to 'Buy' - goal increases to 360 euros

Frankfurt (dpa -AfX) - Deutsche Bank has upgraded Adidasvon "Hold" to "Buy" and raised the price target from 315 to 360 euros.Analyst Adam Cochrane relies on such companies in the clothing industry in a industry study available on Wednesday.At the same time, he prefers online sales compared to traditional sales channels.The fact that companies make their sales platforms into money is the basis for profit growth.Adidas had exceeded expectations with the numbers for the second quarter and bribe through quality and growth.In addition, the sale of the US brand Reebok Barmittel is rinse into the company's cash register./Bek/ajx

Publication of the original study: 25.08.2021 / time not specified in study / GMT

First passing on the original study: 25.08.2021 / 4:00 a.m. / GMT

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