Morgan Stanley reaffirmed their equal weight rating on shares of adidas AG (NASDAQ:ADDYY) in a research report released on Tuesday.

ADDYY has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of adidas AG from a hold rating to a buy rating and set a $97.00 target price on the stock in a research report on Monday, October 3rd. Robert W. Baird lowered shares of adidas AG to a neutral rating and set a $80.00 target price on the stock. in a research report on Friday, September 2nd. Barclays PLC restated a hold rating on shares of adidas AG in a research report on Tuesday, October 4th. Piper Jaffray Cos. started coverage on shares of adidas AG in a research report on Thursday, October 13th. They set an overweight rating on the stock. Finally, HSBC lowered shares of adidas AG from a buy rating to a hold rating in a research report on Friday, September 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. adidas AG presently has an average rating of Hold and a consensus price target of $88.50.

Analyst Recommendations for adidas AG (NASDAQ:ADDYY)

adidas AG (NASDAQ:ADDYY) traded up 0.77% on Tuesday, reaching $87.18. 2,971 shares of the company traded hands. The stock has a 50-day moving average of $85.10 and a 200 day moving average of $73.92. adidas AG has a 52-week low of $44.15 and a 52-week high of $88.85. The company has a market capitalization of $34.91 billion and a PE ratio of 34.82.

A number of hedge funds have recently modified their holdings of ADDYY. Reliance Trust Co. of Delaware bought a new stake in shares of adidas AG during the second quarter worth $236,000. Sterling Capital Management LLC bought a new stake in shares of adidas AG during the second quarter worth $249,000. World Asset Management Inc raised its stake in shares of adidas AG by 8.3% in the second quarter. World Asset Management Inc now owns 25,896 shares of the company’s stock worth $1,848,000 after buying an additional 1,988 shares in the last quarter. Todd Asset Management LLC bought a new stake in shares of adidas AG during the second quarter worth $2,237,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of adidas AG during the second quarter worth $2,237,000.

adidas AG Company Profile

adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.

5 Day Chart for NASDAQ:ADDYY

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