Multiple institutions raise Adidas price targets

JPMorgan raises its price target on Adidas to EUR230 from EUR210, Jefferies raises its price target on Adidas to EUR200 from EUR187, and Piper Sandler raises its price target on Adidas to EUR185 from EUR180. Adidas reported higher third-quarter net profit and said recent investments in innovation and marketing are paying off. The German sportswear group posted net profit of EUR706 million, or $787.4 million, for the quarter ended September, up from EUR461 million a year earlier.