Adidas: Here's What has Lead JPMorgan Analysts Price Target of €230 and a new buy Study!
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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 €183-185. This makes...
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