RBC Capital Markets Lowers Adidas Outlook Citing Slowing Growth Beyond World Cup Impact
RBC Capital Markets has downgraded Adidas AG's rating from outperform to sector perform, adjusting its 12-month price target from €190 to €160. The brokerage highlighted concerns over slowing organic growth and lower profitability expectations for 2026, despite the anticipated revenue boost from the upcoming World Cup. The firm expects Adidas' orga…