Adidas shares benefited on Friday from Citigroup’s positive outlook for the reporting season. The Herzogenaurach shares rose by one and a half percent to 139.10 euros in early trading, making them one of the favorites in the Dax in the quiet market. Technical resistance awaits at 140 euros.
There was some confusion on Friday about expert Monique Pollard’s new price target. What is clear, however, is that it sticks with its buy recommendation and sees immense recovery potential. Adidas shares are still down around 18 percent so far this year.
Pollard sees strong growth opportunities worldwide, especially in the area of running shoes. She also sees the upcoming World Cup as a strong sales driver.
Puma shares in the MDax even climbed to their highest level since the end of January, with an increase of 3.7 percent to 25.22 euros. This means they are up 13 percent this year. After the price slide since 2021, they have been in a tough bottom for a year.
At Puma, Monique Pollard increased her price target to 25 euros, but remained on the sidelines with “neutral”. Unlike Adidas, she expects sales to have fallen across all regions in the first quarter.
Note d. Editor: This article was updated on April 10th at 10:35 a.m.
