Independent Research GmbH Seems to Have Gained Confidence In adidas (ETR:ADS), Upgrades Stocks

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adidas (ETR:ADS) Stock Upgrade

adidas (ETR:ADS) shares were lifted by investment analysts at Independent Research GmbH to a solid Buy rating in an analyst note revealed to clients today. Analysts currently have a EUR 110.00 Estimated Target Price on the shares. Independent Research GmbH’s Estimated Target Price could mean a possible upside of 20.76%.

From a total of 20 analysts covering adidas (ETR:ADS) stock, 19 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 86% of the ratings are positive. The highest target price is €400 while the lowest target price is €305. The mean of all analyst targets is €338.05 with a -7.54% below today’s (€90.5) stock price. adidas was the topic of 23 analyst reports since June 23, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on November 25 with “Neutral” rating. Commerzbank maintained shares with “Hold” rating and €86 target share price in a report from a November 6. Bankhaus Lampe maintained ADS stock in a recent report from November 17 with “Hold” rating. Warburg Research upgraded the rating on October 30. Warburg Research has a “Buy” rating and a €95 price target on shares. Finally, S&P Research maintained the stock with “Hold” rating in a report issued on a November 6.

The stock decreased 3.12% or EUR 2.91 on December 3, striking EUR 90.5. Approximately 1.86M shares of stock traded hands or 45.31% up from the average. adidas AG (ETR:ADS) has declined 5.81% since May 1, 2015 and is downtrending. It has underperformed by 5.52% the S&P500.

 Independent Research GmbH Seems to Have Gained Confidence In adidas (ETR:ADS), Upgrades Stocks

adidas AG designs, develops, produces and markets a range of athletic and sports lifestyle products. The company has a market cap of 18.93 billion EUR.

According to Zacks Investment Research, “Alliance Data Systems Corporation is a leading provider of transaction services, credit services and marketing services to retail companies in North America. They focus on facilitating and managing electronic transactions between clients and their customers through multiple distribution channels including in-store, catalog and the Internet. Their credit and marketing services assist clients in identifying and acquiring new customers, as well as helping to increase the loyalty and profitability of their existing customers.” Get a free copy of the Zacks research report on adidas AG (ADS).

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