Investors were recently dissatisfied with the development of the sporting goods manufacturer.
(Photo: dpa)
Dusseldorf Adidas stock continues to struggle after CEO Kasper Rorsted announced his departure. The share, which fell five percent on Monday in a weak market environment, is slightly in the profit zone on Tuesday. The Handelsblatt has collected how analysts assess the change in leadership and what effects they expect on the share price.
UBS analysts Suzanna Pusz and Susy Tibaldi and their colleague Chris Huang write in their note that they anticipate a positive market reaction: “We expect the news of the management change to be positively received by the market, as the board has identified the need for a strategic change faster than in the past.”
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