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Adidas tumbles as RBC Capital downgrades to 'sector perform', slashes price target

By Michele Maatouk

Date: Friday 23 Jan 2026

(Sharecast News) - Adidas tumbled on Friday as RBC Capital Markets downgraded the shares to 'sector perform' from 'outperform' and slashed the price target to €160 from €190 as it cited limited catalysts and elevated consensus expectations.
The bank said Adidas is executing well in a fairly challenging global sportswear market...

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