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Proactive Investors
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4 months ago
RBC Capital Markets has upgraded adidas AG (OTCQX:ADDYY) to Outperform, lifting its price target to €210 from €170, whilst claiming the three-striped sportswear group now offers one of the strongest earnings growth profiles in the Canadian bank's coverage, yet its valuation still looks discounted. The newly pitched price target implies around 28% upside, and RBC points out that Adidas trades on...