PUMA

JPMorgan cut its price target for PUMA from 26 to 24 euros and kept the rating at "Neutral." The bank expects net sales to fall by around seven percent, citing a tougher industry environment and a cleanup of distribution channels as reasons. Despite the analyst revision, the PUMA share was little changed and briefly rose on XETRA. » Más en finanzen.net

JPMorgan has cut the price target for PUMA from 26 to 24 euros and reiterated its "Neutral" rating. The bank expects net sales to decline by around seven percent in the third quarter, citing a tougher industry environment and a continued cleanup of distribution channels. » Más en finanzen.net

Bank of America cuts its price target for Puma to 21 euros and keeps the stock rated as "Underperform." The share has fallen sharply after a World Cup-related interim high and, alongside industry-wide problems, is suffering mainly from inflationary pressure and weak consumer growth. Puma executives meet this week after the announced resignation of CCO Matthias Bäumer; however, no concrete capital market announcements are expected. Investors are looking to the Q3 figures on October 30, which should clarify the feasibility of the turnaround for 2027. » Más en finanzen.net