Adidas: What the JPMorgan analysts say about a target price of 230 euros and a new buy study!
Reading Time: 2 minutes
The surprising elimination of the German national team against Paraguay weighed on the Adidas stock on Tuesday. At least the sales of football jerseys will be dampened. Previously, CEO Björn Gulden reported at the end of June that they had sold three times as many jerseys of the German national team compared to the World Cup in Qatar. Another tournament success would have boosted the business. However, the decline in sales affected the stock. It still appears bullish and is even in a short-term breakout configuration around 183 to 185 euros. This...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
