Puma SE's price target has been revised by UBS, with a reduction from €48.50 to €43.50. Despite this, UBS has maintained a "Neutral" rating.
According to analyst Robert Krankowski, Puma is currently not performing well, which suggests that it is too early to have a positive outlook on the company's shares.
The change in sentiment comes after a recent capital market day, where initial optimism about profitability has been replaced by challenges that make it more difficult to achieve the profitability targets set for 2025. This situation highlights the ongoing challenges that Puma faces in a competitive market.