Adidas will use the FIFA World Cup as a catalyst to drive long-term growth in the U.S. market, UBS analysts Robert Krankowski and Zuzanna Pusz write. UBS hosted a road show with the German sportswear group's investor relations team last week. "Discussions reinforced our view that Adidas remains focused on delivering sustainable long-term growth through multiple structural growth drivers, rather than maximizing the near-term benefits of the World Cup alone," they say. UBS has a buy rating on the stock and a 219-euro target price. Shares are up 1.35% at 187.80 euros. (ian.walker@wsj.com)
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Adidas Is Focused on Long-Term Growth — Market Talk
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Adidas will use the FIFA World Cup as a catalyst to drive long-term growth in the U.S. market, UBS analysts Robert Krankowski and Zuzanna Pusz write. UBS hosted a road show with the German sportswear group's investor relations team last week. "Discussions reinforced our view that Adidas remains foc…