Puma SE has been given a 'Neutral' rating by UBS, with a price target of 43.50 euros. The company's operating results exceeded expectations, mainly due to postponed marketing expenses.

However, there is anticipation of a negative reaction in the share price as growth seems to heavily rely on the American market. Puma's stock is currently experiencing a decline, with prices at 40.34 euros, down 4.88% from the previous day. Various trading venues show a range of prices, with Tradegate reporting 40.22 euros, reflecting a drop of 5.03%. Other exchanges, including Berlin and Frankfurt, also indicate downward trends, highlighting a challenging market environment for the brand.