Puma Exploration

PUMA shares rose about 3.9 percent to €27.15 and moved back above the 50-day moving average. Goldman Sachs raised its price target from €31 to €33 and confirmed a "Buy" rating, while Deutsche Bank is banking on signs of a brand turnaround in the second quarter. Earlier, Bernstein had expressed skepticism about second-quarter revenue development. » Más en finanzen.net

Puma shares dropped sharply, at times losing up to 9.6%, and were down 7.5% in the afternoon at €26.02. Bernstein analyst William Woods cut his estimates and now expects a currency-adjusted Q2 sales decline of 9%, below the market consensus of -6%. He cited a normalization of business activity and difficult year-ago comparables in the US mass market. Puma will release its Q2 figures on July 31. » Más en finanzen.net

Citigroup analyst Monique Pollard rated PUMA as buy with a €35 price target and sees mainly medium-term opportunities in China and significant margin potential following Anta’s stake. Her revenue expectations for 2027/2028 are up to 13 percent above consensus. Berenberg also highlighted the outlook (price target €40); the stock rose intraday by up to nearly 5 percent and is about 18 percent up YTD. » Más en finanzen.net