Puma: Barclays raises target price

(CercleFinance.com) - While maintaining its 'equal weight' recommendation on Puma shares, Barclays has raised its target price fot them from E41 to E45, in the wake of EPS estimates raised by 0.
1% for 2024 and 4% for 2025, following the German sports equipment manufacturer's results.

The messages from the Q3 conference have given investors plenty of reasons to be more optimistic about the quarters ahead, the broker says, which adds that it "appreciates the set-up", but warns that "execution will be key".


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.