NEW YORK (dpa-AFX) - The US bank JPMorgan has raised its target price for Adidas from 250 to 260 euros and left its rating at "Overweight". The Herzogenaurach-based company is the "MVP" of the industry, i.e. the Most Valuable Player, wrote analyst Olivia Townsend on Tuesday after strong preliminary figures for the second quarter. The expert finds the positive sales surprise particularly remarkable, after margins and costs had recently been the main reasons for good results. The outlook has now been raised even more than expected at this point in the year./ag/tih

Publication of the original study: 16.07.2024 / 23:14 / BST

First dissemination of the original study: 17.07.2024 / 00:15 / BST

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