STOCKS | JPMorgan, Jefferies and Piper Sandler Raise Adidas Price Targets

JPMorgan raised its Adidas price target from €210 to €230, Jefferies lifted its target from €187 to €200, and Piper Sandler raised its target from €180 to €185. According to Sina Finance, Adidas reported third-quarter net profit of €706 million ($787.4 million), up from €461 million a year earlier, and said recent investments in innovation and marketing were paying off.