Adidas gets hit with rare double downgrade as BofA calls the end of the ‘casualization' trend

Core Viewpoint - Adidas shares experienced a significant decline, becoming the worst-performing stock among Europe's top 600 stocks following a rare double-downgrade from a brokerage [1] Group 1 - The stock performance of Adidas was notably poor on Tuesday, indicating a negative market reaction [1] - The downgrade from the brokerage is characterized as rare, suggesting a significant shift in analyst sentiment towards the company [1]