ubs maintains neutral rating for puma se with target price of 43.50 euros

UBS AG has given Puma SE a "Neutral" rating and a target price of 43.50 euros per share.

According to analyst Robert Krankowski, Puma's operating results were better than expected, mainly because of delayed marketing expenses. However, Krankowski anticipates a negative reaction in the share price due to concerns about the company's reliance on growth from the American market.

The analysis was published on November 6, 2024, following the release of Puma's quarterly figures. It is advised for investors to closely monitor the situation as the company's dependence on a single region for growth may pose risks to its overall performance.

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