Puma: UBS raises target price

(CercleFinance.com) - UBS reinstates its 'buy' recommendation on Puma shares, having increased its target price for them from 100.
3 euros to 114.6 euros, suggesting upside potential of 10% for the German sporting goods supplier's stock.

"High quality Q2 results confirm further upside risk to outlook as we raise our EPS by +6%/+8%/+9%," the broker summarised.

The share is currently down over 0.5% - pretty much in line with the MDax index in Frankfurt.


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