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UBS has significantly reduced its price target for Puma, raising questions about whether the stock is now a buy or a sell. The information provided is for informational purposes only and does not constitute a recommendation to buy or sell, nor does it guarantee specific price developments. Investors are reminded that purchasing securities carries risks, including the potential total loss of capital, and should seek tailored expert investment advice.
UBS has downgraded Puma from "neutral" to "sell," citing ongoing challenges that may hinder performance and lead to slower growth and reduced margins. The shift towards a direct-to-consumer model and competition from Adidas and Nike are significant concerns. Following the company's recent results, shares plummeted by as much as 23%, marking a 50% decline year-to-date.
UBS has downgraded Puma's shares from "Neutral" to "Sell" and cut its price target from €43.90 to €19.50, citing ongoing challenges for the sportswear company. Analyst Robert Krankowski noted that the hardest times are not yet over, with significant risks to market expectations following disappointing business results.
Bacca Bucci, a fast fashion footwear brand targeting Gen-Z, has secured $2.5 million in its first funding round, primarily from the Taparia family. Founded in 2012, the Delhi NCR-based startup has rapidly grown, generating 90% of its sales online and recently expanding into the Dubai market. Following a notable appearance on Shark Tank India, Bacca Bucci experienced a significant surge in website traffic and opened a new warehouse to enhance logistics and meet rising demand.
The U.S. risks sneaker shortages if tariffs are extended to Vietnam, where a significant portion of athletic footwear is produced. With over half of U.S. sneaker imports coming from China and Vietnam, rising costs could lead to higher prices for consumers, as companies may face a 1% margin loss. The situation is compounded by limited domestic production and low stock levels from major brands.
Nike shares have plummeted over 50% since 2021 due to macroeconomic challenges, fierce competition, and poor inventory management. However, recent technical indicators suggest a potential turnaround, bolstered by a rebound in share price and the involvement of activist investor Bill Ackman. Key resistance levels to watch are around $90 and $100, with any positive news likely to further boost market sentiment.
A power struggle within Austria's largest sports association, ÖFB, has prompted sponsor Raiffeisen to threaten withdrawal unless the organization adopts a more professional approach. CEO Petra Walter's letter to the executive committee calls for an external president and suggests candidates, warning that internal interests could jeopardize future cooperation. Interim president Wolfgang Bartosch's ambitions for a permanent role appear increasingly unrealistic amid these developments.
puma.bär GmbH
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs reduces puma price target amid investment risks and uncertainties
08:41 16.03.2025
ubs downgrades puma to sell amid ongoing performance challenges
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UBS downgrades Puma to sell amid ongoing financial struggles
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