Nike, Puma, Adidas In Focus As StoneX Maps Out Diverging Turnaround Paths
The brokerage’s new coverage highlights different priorities across the three brands, from Nike’s inventory and marketplace work to Adidas’ product momentum and Puma’s distribution reset. StoneX initiated Nike and Puma at ‘Hold’ with no price targets, while starting Adidas at ‘Buy’ with a €200 price target. Adidas’ turnaround is entering a new phase, with StoneX … Read more