Despite drop, Adidas shares remain well-positioned to tackle competitors
Article Abstract:
Adidas-Salomon AG's stock is in good position, with analysts setting medium-term gains of between 260 marks and 290 marks, and long-term prospects of up to 500 marks. Analysts' optimistic projections of Adidas' stock comes as the company's shares fell 17%. Despite the drop, Adidas generated a first-half sales growth of 80% in the US, a good sign compared to its rivals in the sporting-goods industry such as Nike Inc. and Reebok International Ltd. Adidas' only struggle is in the integration process of Salomon, a French golf and ski-equipment maker that Germany-based Adidas acquired in September 1997.
Comment:
Its stock is in good position as analysts set medium-term gains between 260 marks & 290 marks & long-term at up to 500 marks
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Analysts stand pat until reports from German chemicals firms
Article Abstract:
German chemical industry observers has expressed plans to maintain their 1998 forecast for the industry despite the reformation of the production forecasts by the VCI Chemical Industry Association of Germany. Analysts point out that the new set of production forecasts, which expects a mere 0.5% growth in production, is in no way reflective of the projected performance of entire chemical industry. The industry analysts likewise point out that individual company ratings may only be revised after the publication of each's financial data for the first three quarters of 1998.
Comment:
Germany: Chemical industry observers express plans to maintain 1998 forecast for industry despite new forecasts
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Shares of Metro are expected to keep rising
Article Abstract:
Metro AG's share value improved in 1998 following the company's implementation of a major restructuring. Metro's share are expected to increase in 1999 due to continuing reports of mergers and higher sales. The company, a retailer based in Germany, doubled its share price in 1998 as a result of its restructuring. Metro's shares have dropped recently by nearly 10% as analysts expressed concerns about the company's stock rising too high.
Comment:
Share value improved in 1998 following the company's implementation of a major restructuring
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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