Friday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
The choice to replace Adidas with Nike as the supplier of kit for the German football team from 2027 to 2034 was a purely commercial decision by the German Football Federation.
Already positive, the research from Bernstein and its analyst Aneesha Sherman still consider the stock as a Buy opportunity. Previously set at USD 134, the target price is lowered to USD 120.