FRANKFURT (dpa-AFX Broker) - Investment bank Stifel left its rating on Adidas at "hold" with a price target of 135 euros. As usual among new bosses, Bjørn Gulden is stacking the deck low to stay on the cautious side at the start of his tenure and avoid another profit warning, analyst Cedric Lecasble said in a research note available Friday. The challenges with rapper Kanye West (Yeezy brand), controversial for anti-Semitic remarks, are well known, he said. Of more concern, he said, is the rest of the business and the level of caution contained in the 2023 outlook./tih/la

Publication of the original study: 09.02.2023 / 18:20 / EST.

First disclosure of original study: 02/10/2023 / 01:00 / EST

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