Puma: Stifel raises target price
(CercleFinance.com) - Stifel confirms its Buy rating on Puma shares, raising its target price for them from E62 to E64.
The analyst believes that strong sales momentum in Q1 2024 and solid orders for Q4 have bolstered management's confidence in achieving targets for FY 2024.
Against this backdrop, Stifel believes that Puma is generally ahead of its forecasts; the broker has raised its earnings estimates by 1% to above consensus.
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