Adidas (ADDYY) Upgraded to Buy by BofA Analyst Amid Strong Sales | ADDYY Stock News

2 days ago

Adidas (ADDYY, Financial) has received a positive update from Bank of America analyst Thierry Cota, who has upgraded the company's stock rating from Neutral to Buy. Despite a slight reduction in the price target from EUR 274 to EUR 260, the analyst emphasizes Adidas' robust sales growth as a key factor in this decision.

One of the reasons for the upgrade is the company's strategic positioning against potential tariff risks. With 20% of its sales coming from the U.S. market and 27% of its sourcing linked to Vietnam, Adidas shows resilience compared to its industry counterparts. These factors contribute to a favorable outlook, supporting the company's growth trajectory in the competitive sportswear market.

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