Is Adidas (ADDYY.PK) back in the game? Susquehanna thinks so, lifting its rating on the German...
Thursday, September 13, 2012, 10:33 AM ETIs Adidas (ADDYY.PK) back in the game? Susquehanna thinks so, lifting its rating on the German company to Positive from Neutral with significant market gains forecast for the U.S., Eastern Europe, and China. On the flip side, shares of rival Nike (NKE -2.2%) are back to double-digit trading value after Citi cut the firm to Neutral. The Street seems to be gaining consensus that valuation was getting a bit too frothy on the name based on the sluggish global economy.
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