FRANKFURT (dpa-AFX) - Adidas shares gained ground on Friday morning, buoyed by a positive outlook from Citigroup ahead of the upcoming earnings season. On the Tradegate trading platform, the Herzogenaurach-based group's stock climbed as much as 1.4 percent above its previous Xetra close, reaching nearly 139 euros. Technical resistance is currently looming at the 140 euro mark.
While there was some confusion regarding the new price target set by analyst Monique Pollard, her stance remains clear: she maintains a "Buy" rating and sees significant recovery potential. Year-to-date, Adidas shares have shed 19 percent of their value.
Pollard identifies robust global growth opportunities, particularly within the running shoe segment. Furthermore, she views the upcoming FIFA World Cup as a massive revenue driver./ag/jha/

















