Home / Business and Economy / Adidas Plummets on Rating Downgrade
Adidas Plummets on Rating Downgrade
7 Jan
Summary
- Adidas shares dropped significantly due to a rating downgrade.
- German stocks showed mixed performance Tuesday morning.
- Flash inflation data for December is expected later today.
German stocks presented a mixed performance this Tuesday, with market participants reacting to individual company developments and recent regional PMI data. The benchmark DAX saw minor gains, though trading remained varied across sectors. Infineon Technologies and Daimler Truck Holding were among the top performers, showing notable increases in their share prices.
Adidas experienced a significant downturn, dropping approximately 6.75% after Bank of America downgraded its rating to 'underperform.' The bank's analysis suggests the company's turnaround narrative is already reflected in its stock price, anticipating a normalization of growth and margins amidst a challenging industry landscape. Other companies like Brenntag and SAP also registered declines.
Looking ahead, market attention is focused on Germany's flash inflation data for December, which economists predict will ease compared to the previous month. Recent S&P Global data indicated a slight decrease in Germany's HCOB Composite PMI for December 2025, signaling a potential slowdown in business activity, while Eurozone PMIs also showed a downward revision.
