Agency: Adidas begins sprinting, raising the company's target price.

According to RBC Capital Markets, Adidas has strong sales momentum in multiple regions and categories, and the German sportswear manufacturer's rating has been upgraded from in line with the sector to outperform the market. Royal Bank of Canada analyst Piral Dadhania stated that Adidas' revenue growth looks solid and highlighted the company's retail priority strategy and strong order visibility. Dadhania wrote in a report, "This momentum is broad across regions, categories, and sports verticals, which is encouraging." He added that Adidas still has work to do in improving its cash generation capability. Royal Bank of Canada has raised the stock's target price from 170 euros to 210 euros.