RBC Capital Markets upgraded adidas AG to Outperform and raised its price target from €170 to €210, highlighting the company's strong earnings growth potential and undervalued stock price. Adidas is showing broad-based momentum across regions and product categories, driven by direct-to-consumer revenue growth and improved execution. RBC expects a strong Q2 update with revenue growth of 13% and EBIT margin improvement, forecasting full-year EBIT to exceed the conservative guidance of €2.3 billion. The broker projects EBIT to reach €3.0 billion in FY27, supported by revenue growth and gross margin expansion, aided by favorable foreign exchange effects.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
