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Bank of America downgrades Adidas and JD Sports, shares tumble

By Michele Maatouk

Date: Tuesday 06 Jan 2026

(Sharecast News) - Adidas and JD Sports tumbled on Tuesday after Bank of America downgraded its stance on the sportswear retailers, saying it expects a "material stepdown" in the sector's growth.
The bank cut Adidas to 'underperform' from 'buy' and slashed the price target to €160 from €213. JD Sports was...

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