Jefferies Maintains Buy Ratings on adidas, Ralph Lauren Amid Analyst Upgrades
Jefferies Maintains Buy Ratings on adidas, Ralph Lauren Amid Analyst Upgrades

Jefferies Maintains Buy Ratings on adidas, Ralph Lauren Amid Analyst Upgrades

News summary

Jefferies has maintained a Buy rating on Adidas AG, setting a price target of €220, reflecting confidence in the company's promising sales growth and sustained price discipline as indicated by preliminary quarterly figures. Analyst James Grzinic highlighted the significant increase in the 2025 earnings target and positive outlook on Adidas, supported by a moderate buy consensus from other analysts with an average price target of €235.53. Meanwhile, Jefferies Financial Group Inc. (JEF) received an upgraded rating from Oppenheimer, moving from Perform to Outperform with a price target of $81, based on confidence in the firm's long-term policy despite concerns over credit exposure and market pressures. However, BMO Capital lowered its price target for JEF to $55, citing challenges from regional bank pressures and investor anxiety. Overall, Jefferies shows optimism in both Adidas and Jefferies Financial Group, though some analysts remain cautious about broader market risks.

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