UBS Downgrades adidas to Neutral Rating, Cuts PT

08:26 AM EDT, 08/04/2026 (MT Newswires) -- UBS on Tuesday downgraded German sportswear maker adidas (ADS.F) to neutral from a buy rating and reduced its price target to 173 euros from 219 euros. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)