XTRA:ADSLuxury
Adidas (XTRA:ADS) Stock After RBC Upgrade And Earnings Strength Is The 11% Undervaluation Story Still Intact
RBC Capital Markets has upgraded adidas (XTRA:ADS) after better than expected quarterly earnings, pointing to strong order visibility, broad based momentum across regions and categories, and improved execution under current management.
See our latest analysis for adidas.
The 1 month share price return of 22.47% and 3 month share price return of 26.96% suggest momentum has been building around the €176.35 share price, even though the 1 year total shareholder return declined 10.17%.
If adidas's...