ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has lowered its price target for Adidas from 276 to 264 euros and left its rating at "Buy". As analyst Zuzanna Pusz wrote in a study published on Friday, the upcoming second quarter results should dispel any doubts the market may still have about the progress of the turnaround at Adidas. She expects a significant acceleration in underlying sales growth when adjusted for the one-off impact of Yeezy inventories./tih/zb

Publication of the original study: 27.06.2024 / 22:55 / GMT

First dissemination of the original study: 27.06.2024 / 22:55 / GMT

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