Price targets

Analyst ratings

9 analysts rated this company in the past 90 days. The average target price is €24.11, this is a change of +13.8% compared to the current price.

• September 18, 2025

  RBC maintains Puma at 'Sector Perform' - Target €19

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" with a price target of €19. The sporting goods industry is now more fragmented due to the emergence and growth of challenger brands, Piral Dadhania wrote in a sector study released Thursday. However, he believes that the growth prospects for the entire industry remain attractive./edh/tav

  Publication of the original study: September 18, 2025 / 1:11 a.m. / EDT

  First distribution of the original study: September 18, 2025 / 1:11 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 17, 2025

  Deutsche Bank Research maintains Puma's 'Hold' rating - target €20

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Hold" rating on Puma with a price target of €20 in light of recent takeover speculation. Adam Cochrane commented in a study released Thursday on an article in "Manager Magazin" that suggested financial investor CVC and US brand management firm Authentic Brands Group (ABG) are interested in the stake held by the Pinault family, a major shareholder, in the sporting goods manufacturer. ABG does not appear to be a credible candidate for the takeover of the company, which has more than 50 brands, the expert emphasized. Since Puma, under the new CEO, plans to announce its future strategy at the end of October along with its quarterly results, it might be prudent to pursue a deal before a potential change in strategic direction./gl/edh

  Publication of the original study: September 17, 2025 / 5:14 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 17, 2025

  JPMorgan maintains Puma's 'Underweight' rating - target €16

  NEW YORK (dpa-AFX Analyst) - Following takeover speculation, US bank JPMorgan has maintained its rating for Puma at "Underweight" with a price target of €16. After a more detailed review of the information available so far, the bank maintains its assessment that an imminent takeover of the sporting goods manufacturer is unlikely, Wendy Liu wrote in a study released Thursday. In this respect, it does not see any clear catalyst for a rise in the share price based on its independence./rob/edh/stk

  Publication of the original study: September 17, 2025 / 10:50 PM / BST

  First distribution of the original study: September 18, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 3, 2025

  JPMorgan lowers Puma to 'Underweight' - target down to 16 euros

  NEW YORK (dpa-AFX Analyst) - Following a change in analysts, US bank JPMorgan lowered its price target for Puma shares from €21 to €16 and downgraded the stock from "Neutral" to "Underweight." Puma is at the beginning of a lengthy turnaround with immense implementation risks, Wendy Liu wrote in her first industry commentary on Wednesday. Competition remains fierce – further exacerbated by Nike's comeback. Puma shares have recently thrived primarily on takeover speculation. However, Liu sees some pitfalls in this regard.

  Publication of the original study: September 3, 2025 / 2:46 a.m. / BST First distribution of the original study: September 3, 2025 / 2:46 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 26, 2025

  RBC maintains Puma at 'Sector Perform' - Target €19

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" with a price target of €19. Analyst Piral Dadhania views the potential sale of shares by the Pinault family as slightly positive. He pointed out on Tuesday that the investment story is currently plagued by weakening financial performance and the diminishing importance of the Herzogenaurach-based company in the face of increasingly tough competition. According to the expert, a change in ownership could accelerate the turnaround./ag/ajx

  Publication of the original study: August 26, 2025 / 2:34 a.m. / EDT

  First distribution of the original study: August 26, 2025 / 2:34 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 21, 2025

  RBC maintains Puma at 'Sector Perform' - Target €19

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" with a price target of €19. Willingness to spend on sporting goods in the US is declining slightly, with concerns about tariffs increasing, Piral Dadhania wrote in an industry study released Friday based on its own market surveys. Consumer sentiment is improving in China. The survey data for Puma is somewhat weaker than those for Adidas and Nike./edh/jha/

  Publication of the original study: August 21, 2025 / 10:40 PM / EDT

  First distribution of the original study: August 22, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 10, 2025

  RBC lowers target for Puma to €19 - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Puma from €20 to €19 and maintained its rating at "Sector Perform." Piral Dadhania wrote in an industry report released Monday that he has revised his estimates following the half-year reporting season. The developments regarding US import tariffs are now also reflected in his assumptions for the luxury goods and fashion group. Puma performed significantly weaker than expected across the board in the first half of the year./bek/mis

  Publication of the original study: August 10, 2025 / 5:46 PM / EDT

  First distribution of the original study: August 11, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 7, 2025

  Berenberg maintains Puma's 'Buy' rating - target 40 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Puma with a price target of €40. At a roadshow, management reinforced its belief that there is latent value hidden in the sporting goods company's brand, wrote Nick Anderson in a study released Friday. The key to this is improved marketing measures, the right selection of distribution partners, and the optimization of cash flow. The turnaround will take time and is not without risks. However, he believes the new management has the necessary skills./rob/tih/mis

  Publication of the original study: August 7, 2025 / 4:49 PM / GMT

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• August 1, 2025

  Warburg Research lowers target for Puma to 37 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has cut its price target for Puma from €60 to €37 following a "weak second quarter," but maintained its "Buy" rating. In a study published Friday, Jörg Philipp Frey believes that the uncertainty surrounding the sporting goods company has reached its peak. He assumes that a high single-digit operating profit margin (EBIT) is possible again in the medium term. Despite a significant reduction in his short-term estimates, the expert maintains his buy recommendation./rob/tih/mis

  Publication of the original study: August 1, 2025 / 8:15 a.m. / Time zone not specified in the study

  First distribution of the original study: Date not specified in the study / Time not specified in the study / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 31, 2025

  JPMorgan leaves Puma at 'Neutral' - Target 21 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma at "Neutral" with a price target of €21 following final figures. Following the preliminary figures, there were no further major surprises, Chiara Battistini wrote in a study released Thursday. However, it pointed, among other things, to the negative cash flow of €643 million and sees liquidity pressure due to the deterioration in operating performance./ck/jha/

  Publication of the original study: July 31, 2025 / 3:11 p.m. / BST

  First distribution of the original study: July 31, 2025 / 3:12 p.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 30, 2025

  Baader Bank lowers Puma to 'Reduce' - target 18 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has downgraded Puma from "Add" to "Reduce" and lowered its price target from €25 to €18. The sporting goods manufacturer likely has a long way to go before normalizing business, Volker Bosse wrote in a study released Wednesday. The expert referred to statements by the new CEO, Arthur Hoeld, that 2025 would be a new beginning and 2026 a transitional year./rob/bek/ck

  Publication of the original study: July 30, 2025 / 1:18 p.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 28, 2025

  RBC lowers target for Puma to €20 - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Puma from €26 to €20, but maintained its "Sector Perform" rating. Things need to change at the sporting goods manufacturer, and fairly quickly, Piral Dadhania wrote in an assessment released Tuesday. The first step has been taken: A new CEO is in office, and with regard to financial expectations, a fresh start is underway. 2025 will initially be a painful year./ajx/zb

  Publication of the original study: July 28, 2025 / 5:58 p.m. / EDT First distribution of the original study: July 29, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 28, 2025

  Berenberg maintains Puma's 'Buy' rating - target 40 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Puma with a price target of €40 following another profit warning. The bad news does not change the positive sentiment he expressed in April when he initially assessed the stock, Nick Anderson wrote in a study released Monday. However, it does demonstrate that the urgency for a transformation is increasing. Experience has shown that rapid change is possible under a new CEO in the sporting goods sector./rob/tih/zb

  Publication of the original study: July 28, 2025 / 5:10 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 28, 2025

  Deutsche Bank lowers Puma to 'Hold' - target from 34 to 20 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has downgraded Puma from "Buy" to "Hold" after a disappointing second quarter, with lower targets. Analyst Adam Cochrane cut the price target from €34 to €20 in a study released Monday. The stock has become a difficult investment because there is no specific operating profit (EBIT) target for this year, and 2026 will likely be a transition year. There is currently a lack of clarity regarding the strategy, which will likely not be announced until October./tih/ajx

  Publication of the original study: July 28, 2025 / Time not specified in the study / GMT

  First distribution of the original study: July 28, 2025 / 4:03 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 27, 2025

  Goldman lowers target for Puma to 26 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has lowered its price target for Puma from €30 to €26, but maintained its "Buy" rating. Following the arrival of new CEO Arthur Hoeld, this year's targets have been lowered, Richard Edwards wrote in a study released Monday. The reason for this was weak wholesale trends and increased inventory levels, combined with significantly reduced sales estimates for the second quarter. He expects news about the new CEO's strategy in October./tih/ajx

  Publication of the original study: July 27, 2025 / 11:05 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 25, 2025

  JPMorgan lowers target for Puma to 21 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Puma from €26 to €21 following a conference call on the company's recent profit warning, but maintained its rating at "Neutral." Management pointed to weak wholesale momentum, particularly in North America, Europe, and Greater China, where order cancellations and lower reorders impacted second-quarter sales, Chiara Battistini wrote in a study released Friday. It reduced its earnings forecasts (EBIT) for 2026 and 2027 by 18 and 12 percent, respectively./rob/edh/nas

  Publication of the original study: July 25, 2025 / 5:44 PM / BST

  First distribution of the original study: July 25, 2025 / 5:44 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 25, 2025

  Deutsche Bank Research maintains Puma's 'Buy' rating - target 34 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained Puma's "Buy" rating with a price target of €34 following its quarterly results and a downgrade to its outlook. While the latter rating isn't surprising, the magnitude is, wrote Adam Cochrane in his reaction released Friday. Furthermore, the quarterly report clearly missed expectations. According to Cochrane, the weak sales are more likely to be company-specific and unlikely to be easily remedied. However, he welcomed the fact that the new CEO was clearing the decks before presenting the new strategy./gl/ajx

  Publication of the original study: July 25, 2025 / 6:12 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 25, 2025

  RBC maintains Puma at 'Sector Perform' - Target €26

  NEW YORK (dpa-AFX Analyst) - Following its quarterly results, Canadian bank RBC maintained Puma's "Sector Perform" rating with a price target of €26. The sporting goods manufacturer clearly missed its own targets for sales and operating profit (EBIT) and significantly lowered its annual targets, Piral Dadhania wrote in his response released Friday. The company appears to lack product and brand momentum in an increasingly competitive market. It is still too early to predict the new CEO's strategic path. Despite the favorable valuation, he remains on the sidelines with the stock./rob/gl/ajx

  Publication of the original study: July 25, 2025 / 3:01 a.m. / EDT First distribution of the original study: July 25, 2025 / 3:01 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 25, 2025

  Warburg Research maintains Puma's 'Buy' rating - target 60 euros

  HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research has maintained its "Buy" rating for Puma after the company's results, with a price target of €60. In the second quarter, sales development in Europe was particularly detrimental, wrote analyst Jörg Philipp Frey in a study released Friday. The sporting goods manufacturer's new CEO appears to want to "clear the decks" in light of the disappointing outlook./rob/mf/ajx

  Publication of the original study: July 25, 2025 / 8:15 a.m. / Time zone not specified in study

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  Jefferies maintains Puma on 'Hold' - Target 22 euros

  NEW YORK (dpa-AFX Analyst) - Following preliminary quarterly figures and a downgrade to its outlook, analyst firm Jefferies has maintained a "Hold" rating on Puma with a price target of €22. The sporting goods manufacturer has significantly lowered its targets, James Grzinic stated in his response on Friday./rob/gl/la

  Publication of the original study: July 24, 2025 / 5:12 p.m. / Time zone not specified in study. First distribution of the original study: July 24, 2025 / 5:12 p.m. / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 24, 2025

  JPMorgan leaves Puma at 'Neutral' - Target 26 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma at "Neutral" with a price target of €26. The quarterly figures and the forecast cut are a significant negative surprise despite already lowered expectations, wrote Chiara Battistini in her commentary published on Friday. The market consensus will follow the new targets downwards./rob/ag/gl

  Publication of the original study: July 24, 2025 / 11:16 PM / BST First distribution of the original study: July 25, 2025 / 12:15 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 18, 2025

  Jefferies lowers target for Puma to 22 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has lowered its price target for Puma from €35 to €22 and maintained its "Hold" rating. Under the new CEO, the sporting goods manufacturer is likely to intensify its efforts to revive sales and, in the short term, focus less on profit margins, wrote James Grzinic in a study released Friday. However, there is likely to be little progress in revenue overall in 2025./rob/mis/jkr

  Publication of the original study: July 18, 2025 / 8:40 a.m. / Time zone not specified in the study

  First distribution of the original study: July 18, 2025 / 8:40 a.m. / Time zone not specified in the study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 14, 2025

  JPMorgan leaves Puma at 'Neutral' - Target 26 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma at "Neutral" with a price target of €26 ahead of second-quarter results. It has slightly lowered its estimates for the sporting goods manufacturer, Chiara Battistini wrote in an outlook released on Monday. This took into account recent movements in the foreign exchange market, industry data, and updated assumptions regarding the group's financial expenses. Puma remains vulnerable to the general weakness of consumer markets and the development of tariffs./rob/la/jha/

  Publication of the original study: July 14, 2025 / 2:55 p.m. / BST First distribution of the original study: July 14, 2025 / 5:00 p.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• July 11, 2025

  Warburg Research maintains Puma's 'Buy' rating - target 60 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma at "Buy" with a price target of €60. Growth, which stagnated at the beginning of the year, is likely to have picked up to 2 percent in the second quarter, wrote Jörg Philipp Frey in his outlook for the report published Friday. He considers the shares to be attractively valued./rob/ag/stk

  Publication of the original study: July 11, 2025 / 8:15 a.m. / Time zone not specified in study

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 30, 2025

  RBC raises target for Puma to €26 - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has raised its price target for Puma from €25 to €26 and maintained its rating at "Sector Perform." Overall, momentum in the luxury sector remains subdued, Piral Dadhania wrote in an industry outlook released Tuesday. Trends are stable in North America and Asia-Pacific, but somewhat weaker in Europe and Japan. Puma, meanwhile, is expected to grow by 1.5 percent this year under its own steam, which is consistent with the company's outlook./bek/gl

  Publication of the original study: June 30, 2025 / 6:30 p.m. / EDT. First distribution of the original study: July 1, 2025 / 12:45 a.m. / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 24, 2025

  Goldman lowers target for Puma to 30 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Puma from €31 to €30, but maintained its "Buy" rating. Analyst Richard Edwards adjusted his sales estimates for the sporting goods manufacturer on Tuesday evening to reflect current currency developments./ag/edh

  Publication of the original study: June 24, 2025 / 7:17 p.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 24, 2025

  Deutsche Bank Research maintains Puma's 'Buy' rating - target 34 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Puma at "Buy" with a price target of €34. Puma and Adidas offer attractive opportunities to invest in the structural growth of the sporting goods sector in both the medium and long term, Adam Cochrane wrote in an industry commentary on Tuesday. While tariff volatility has dampened investor sentiment in this sector, as consumer confidence recovers and trade negotiations progress, the European sporting goods industry is likely to gradually regain value. Regarding Puma, the expert praised the company's strategy both at the brand level and particularly in the running sports sector.

  Publication of the original study: June 24, 2025 / Time not specified in the study / CET. First distribution of the original study: June 24, 2025 / 4:11 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 13, 2025

  Berenberg maintains Puma's 'Buy' rating - target 40 euros

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Puma with a price target of €40. Given several profit warnings from the sporting goods manufacturer over the past two years, investors are understandably cautious, Nick Anderson wrote in a study released Monday. He believes Puma's strengths and the company's broader value are underestimated. Since the company's valuation is at a 20-year low, a large part of the tariff uncertainty has already been priced in./rob/edh/tih

  Publication of the original study: June 13, 2025 / 3:54 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• June 2, 2025

  RBC maintains Puma at 'Sector Perform' - Target €25

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" with a price target of €25. In his industry commentary released Tuesday, analyst Piral Dadhania expects earnings expectations in the luxury goods sector to continue to decline. Meanwhile, in the sporting goods sector, Adidas remains his preferred stock due to its strong brand momentum, optimization potential, improved products, and weak competition. He slightly reduced his estimates for Puma due to higher financial expenses./tih/ag

  Publication of the original study: June 2, 2025 / 5:13 PM / EDT

  First distribution of the original study: June 3, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 9, 2025

  Warburg Research maintains Puma's 'Buy' rating - target 60 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma at "Buy" with a price target of €60. The sporting goods manufacturer's first quarter went better than expected, Jörg Philipp Frey wrote on Friday after the results were released./rob/ag/ajx

  Publication of the original study: May 9, 2025 / 8:15 a.m. / Time zone not specified in study

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  UBS maintains Puma at 'Sell' - target 19 euros

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Puma at "Sell" with a price target of €19. The first quarter was better than expected, Robert Krankowski wrote on Thursday. However, crucial questions remain unanswered./rob/ag/ajx

  Publication of the original study: May 8, 2025 / 6:37 a.m. / GMT

  First distribution of the original study: May 8, 2025 / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  JPMorgan leaves Puma at 'Neutral' - Target 26 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma at "Neutral" with a price target of €26. Chiara Battistini adjusted her estimate on Thursday evening based on the quarterly report, current commentary, and currency developments./rob/ag/tih

  Publication of the original study: May 8, 2025 / 5:44 PM / BST

  First distribution of the original study: May 8, 2025 / 5:44 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Baader Bank maintains Puma on 'Add' - target 25 euros

  MUNICH (dpa-AFX Analyst) - Baader Bank has maintained its rating for Puma at "Add" with a price target of €25. The sportswear manufacturer had the expected weak start to the year, wrote Volker Bosse in a study published Thursday. However, the company confirmed its annual targets./rob/bek/ajx

  Publication of the original study: May 8, 2025 / 9:35 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  Jefferies maintains Puma on 'Hold' - Target 35 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Puma with a price target of €35. The sporting goods manufacturer performed better than expected in the first quarter, wrote James Grzinic in a report released Thursday. The company confirmed its annual forecasts, which may surprise some market participants./rob/bek/mne

  Publication of the original report: May 8, 2025 / 2:45 a.m. / ET

  First distribution of the original report: May 8, 2025 / 2:45 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 8, 2025

  JPMorgan leaves Puma at 'Neutral' - Target 26 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma at "Neutral" with a price target of €26. Thanks to higher sales, the Herzogenaurach-based company exceeded expectations, Chiara Battistini wrote on Thursday after the quarterly results./rob/ag/ajx

  Publication of the original study: May 8, 2025 / 7:52 a.m. / BST

  First distribution of the original study: May 8, 2025 / 7:52 a.m. / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• May 5, 2025

  RBC lowers target for Puma to €25 - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Puma from €26 to €25 ahead of first-quarter results and maintained its rating at "Sector Perform." There is a risk that the lifestyle group will cut its annual targets, Piral Dadhania wrote in an outlook on Tuesday. The reason is the US import tariffs. The consensus estimates for the second half of the year appeared high to him, suggesting that there could be cuts in revenue and earnings./rob/bek/gl

  Publication of the original study: May 5, 2025 / 5:39 PM / EDT. First distribution of the original study: May 6, 2025 / 12:45 AM / EDT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 28, 2025

  Warburg Research maintains Puma's 'Buy' rating - target 60 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma at "Buy" with a price target of €60. The sporting goods manufacturer had already indicated a weak first quarter in March, analyst Jörg Frey wrote in a study released Monday. The market should therefore already have "digested" any bad news. Sales are expected to rise again later this year.

  Publication of the original study: April 28, 2025 / 8:15 a.m. / CEST

  First distribution of the original study: April 28, 2025 / Time not specified in the study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 23, 2025

  JPMorgan lowers target for Puma to 26 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has lowered its price target for Puma from €29 to €26 and maintained its rating at "Neutral." Analyst Chiara Battistini reflects recent euro/dollar movements and slightly higher operating costs in her slightly downwardly revised estimates for the sporting goods manufacturer. This is according to an assessment released on Wednesday./ajx/jha/

  Publication of the original study: April 23, 2025 / 4:51 PM / GMT First distribution of the original study: April 23, 2025 / 5:30 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 14, 2025

  Berenberg starts Puma with 'Buy' - industry favorite

  HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has initiated its rating of Puma shares with a "Buy" rating, with a price target of €40. Expert Nick Anderson is the favorite in his analysis published Tuesday. He rates Nike and Adidas as "Hold." He sees enormous value in Puma at a strikingly low price-to-sales ratio of just 0.36. This is the lowest value that Puma or any competitor has achieved in the past twenty years./ag/ajx

  Publication of the original study: April 14, 2025 / 4:09 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 4, 2025

  Deutsche Bank Research maintains Puma's 'Buy' rating - target 34 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained Puma's "Buy" rating with a price target of €34 in light of the announced change in leadership. Analyst Adam Cochrane wrote in a reaction released Friday that he sees this as positive for the share price, as investors have lost some faith in the strategy of outgoing CEO Arne Freundt. The future strategic direction under successor Arthur Hoeld – until last October Chief Sales Officer at competitor Adidas – is likely to be about accepting Puma's lower relative price position in the market and focusing on it./gl/edh

  Publication of the original study: April 4, 2025 / 7:56 a.m. / CET First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• April 3, 2025

  RBC maintains Puma at 'Sector Perform' - Target €26

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" with a price target of €26 in light of the change in leadership. After the sporting goods manufacturer's recent disappointments, something had to be done, wrote analyst Piral Dadhania in a report released Thursday. The experience of the new CEO, Arthur Hoeld, in the sports business and on the Adidas board is encouraging./bek/edh

  Publication of the original study: April 3, 2025 / 11:28 a.m. / EDT

  First distribution of the original study: April 3, 2025 / 11:28 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 31, 2025

  RBC maintains Puma at 'Sector Perform' - Target €26

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" with a price target of €26. Analyst Piral Dadhania delved deeply into the tariff issue in his commentary on the luxury and sporting goods industry published Tuesday. He outlined a possible scenario for US demands on imports starting April 2. The tariffs would have both a direct impact on costs and an indirect impact on consumer sentiment. He sees the comparatively highest risks in Puma, Nike, and Dockers. Moncler, LVMH, and Pandora are likely to fare particularly well. In general, however, the expert is cautious about Pandora./ag/mis

  Publication of the original study: March 31, 2025 / 10:32 PM / EDT

  First distribution of the original study: April 1, 2025 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 14, 2025

  Deutsche Bank Research lowers target for Puma to 34 euros - 'Buy'

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Puma from €55 to €34, but maintained its "Buy" rating. After a weak 2022 and the largely stagnant share price in the two subsequent years, the share price has halved so far in 2025, due to the deterioration in business, analyst Adam Cochrane wrote in an assessment released Friday. The announced extensive restructuring measures should support margins. However, it remains unclear whether this will help a recovery in currency-adjusted sales. Cochrane lowered its estimates./gl/edh

  Publication of the original study: March 14, 2025 / 8:10 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 13, 2025

  Hauck Aufhäuser IB lowers target for Puma to 40 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has lowered its price target for Puma from €58 to €40 and maintained its "Buy" rating. The sporting goods company's outlook for fiscal year 2025 was a clear disappointment, wrote analyst Christian Salis in a study published Friday. He subsequently updated his valuation model and adopted a more conservative stance. However, the long-term outlook remains positive, as Puma is a leading brand in a structurally growing industry./tih/stk

  Publication of the original study: March 13, 2025 / 10:07 PM / CET

  First distribution of the original study: March 14, 2025 / 8:14 AM / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 13, 2025

  Goldman lowers target for Puma significantly to 31 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has cut its price target for Puma from €53 to €31, but maintained its "Buy" rating following the recent price slide. Analyst Richard Edwards adjusted his estimates on Thursday evening to reflect the sporting goods company's weak outlook for 2025. However, following the price slump, the valuation risk has clearly decreased. The price-to-sales ratio based on 2025 is just around 0.45./ag/mis

  Publication of the original study: March 13, 2025 / 5:56 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  JPMorgan lowers target for Puma SE to 29 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has significantly lowered its price target for Puma SE from €42 to €29, but maintained its rating at "Neutral." The recent presentation of the annual figures focused on the operating earnings (EBIT) outlook for 2025, which significantly missed expectations, wrote analyst Chiara Battistini in her assessment published Thursday. It also did not match the targets published by the sporting goods manufacturer at the end of January. The stock has room to improve relative to her new price target. However, a trigger for a significant recovery is not in sight./gl/ag

  Publication of the original study: March 12, 2025 / 10:09 PM / GMT First distribution of the original study: March 13, 2025 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  RBC lowers target for Puma SE to €26 - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has lowered its price target for Puma SE from €38 to €26, but maintained its "Sector Perform" rating. 2025 is likely to prove another lost year for the sporting goods manufacturer's market share and profitability, wrote analyst Piral Dadhania in his review of the lowered operating earnings outlook published Thursday. He is more cautious than management regarding the medium-term revenue and margin outlook, which is why he is lowering his earnings estimates by 20 to 25 percent./gl/ag

  Publication of the original study: March 12, 2025 / 5:27 p.m. / EDT First distribution of the original study: March 13, 2025 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  Deutsche Bank Research maintains Puma's 'Buy' rating - target 55 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Puma with a price target of €55. The year 2024 was as expected, but the outlook for 2025 is weak, wrote analyst Adam Cochrane in a study released Wednesday. Investors are currently struggling to identify the causes of the short-term weakness. However, he hopes that this will create a lower base on which to build and expect a recovery later in the year./tih/edh

  Publication of the original study: March 12, 2025 / Time not specified in the study / GMT

  First distribution of the original study: March 12, 2025 / 08:58 / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  Goldman maintains Puma's 'Buy' rating - target 53 euros

  NEW YORK (dpa-AFX Analyst) - The US investment bank Goldman Sachs has maintained its rating for Puma at "Buy" after annual figures with a price target of 53 euros. Analyst Richard Edwards pointed out in a study released Wednesday that the median operating profit margin (EBIT) for 2025 is 18 percent below the analyst consensus./tih/edh

  Publication of the original study: March 12, 2025 / 7:51 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  Warburg Research maintains Puma SE at 'Buy' - target 70 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained a "Buy" rating for Puma SE after the company's earnings release, with a price target of €70. The sporting goods manufacturer warned of a weak first quarter of 2025 and clearly disappointed with its annual outlook, analyst Jörg Frey wrote in an initial reaction on Wednesday. However, the stock is already valued at a similarly low level as in 2009 and 2015, when there were also significant declines in profits./gl/mis

  Publication of the original study: March 12, 2025 / 8:15 a.m. / CET. First distribution of the original study: Date not specified in study / Time not specified in study / CET.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  Baader Bank maintains Puma's 'Buy' rating - target 40 euros

  MUNICH (dpa-AFX Analyser) - Baader Bank has maintained its rating for Puma at "Buy" with a price target of EUR 40 following detailed figures for 2024. The sporting goods manufacturer's first-quarter guidance is very weak, and the outlook for the full year 2025 is also disappointing, wrote analyst Volker Bosse in a study released Wednesday./ck/tih

  Publication of the original study: March 12, 2025 / 8:23 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 12, 2025

  RBC maintains Puma at 'Sector Perform' - Target 38 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" after its annual results, with a price target of €38. The figures are overshadowed by a disappointing forecast for the first quarter and the full fiscal year 2025, analyst Piral Dadhania wrote in a report released Wednesday. The focus will be on a conference call held for this purpose./tih/zb

  Publication of the original study: March 12, 2025 / 3:35 a.m. / EDT

  First distribution of the original study: March 12, 2025 / 3:35 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 11, 2025

  Jefferies maintains Puma on 'Hold' - Target 35 euros

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has maintained its "Hold" rating for Puma with a price target of €35. Significant fluctuations in the foreign exchange market and investor and consumer sentiment have recently created a volatile environment, analyst James Grzinic wrote in a report released Wednesday. This may be the reason why the sporting goods company announced its earnings forecast for this year in advance. The target range for adjusted operating profit (EBIT) is, on average, significantly below market expectations, which are likely outdated./tih/gl

  Publication of the original study: March 11, 2025 / 3:04 p.m. / ET First distribution of the original study: March 11, 2025 / 3:04 p.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 11, 2025

  RBC maintains Puma SE at 'Sector Perform' - Target 38 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma SE at "Sector Perform" with a price target of €38 following the publication of its targets for this year. The sporting goods company's forecasts for sales and operating profit are significantly below market expectations, analyst Piral Dadhania wrote in a report published Tuesday. His main concern is the very weak sales target, which indicates problems with brand and product dynamics. In this respect, the forecast now announced contradicts management's recent positive statements regarding the SpeedCat, Palermo, and Monstro sneakers./la/ngu

  Publication of the original study: March 11, 2025 / 3:12 PM / EST. First distribution of the original study: March 11, 2025 / 3:12 PM / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• March 11, 2025

  JPMorgan maintains Puma SE at 'Neutral' - Target 42 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma SE at "Neutral" with a price target of €42 after publishing its targets for this year. These are significantly below market expectations, wrote analyst Chiara Battistini in a report released Tuesday. However, the sporting goods company's forecasts only allowed limited conclusions to be drawn about its competitor Adidas, which recently published its own targets and made positive comments about its current business performance and order backlog, including in the US and China./la/ngu

  Publication of the original study: March 11, 2025 / 7:17 p.m. / GMT First distribution of the original study: March 11, 2025 / 7:17 p.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 30, 2025

  Warburg Research maintains Puma SE at 'Buy' - target 70 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma SE at "Buy" with a price target of €70. The conference call following the earnings release did not generate renewed enthusiasm, wrote analyst Jörg Frey in his commentary published on Thursday./ag/nas

  Publication of the original study: January 30, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 29, 2025

  JPMorgan maintains Puma SE at 'Neutral' - Target 42 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma SE at "Neutral" with a price target of €42. Puma will continue to have a tough time, wrote analyst Olivia Townsend in her commentary on the conference call following the key figures on Thursday. She continues to favor Adidas and On./ag/nas

  Publication of the original study: January 29, 2025 / 8:42 PM / GMT

  First distribution of the original study: January 30, 2025 / 1:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 28, 2025

  Baader Bank lowers target for Puma to 40 euros - 'Buy'

  MUNICH (dpa-AFX Analyst) - Baader Bank has lowered its price target for Puma from €45 to €40, but maintained its "Buy" rating. Analyst Volker Bosse cut his estimates and extended the valuation timeframe to 2026 in a study published Tuesday. He said the stock is attractive at current price levels./ajx/tih

  Publication of the original study: January 28, 2025 / 10:32 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 27, 2025

  RBC lowers target for Puma to €38 - 'Sector Perform'

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Puma from €45 to €38, but maintained its "Sector Perform" rating. In response to the company's fourth-quarter key figures, analyst Piral Dadhania wrote in a report released Tuesday. He criticized the current lack of business momentum, which he said would require more control and better communication./edh/tih

  Publication of the original study: January 27, 2025 / 5:46 PM / EST

  First distribution of the original study: January 28, 2025 / 12:45 AM / EST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 25, 2025

  Jefferies lowers target for Puma SE to 35 euros - 'Hold'

  NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has lowered its price target for Puma SE from €40 to €35, but maintained its "Hold" rating. Companies in the luxury consumer goods sector are likely to develop very differently in 2025, wrote analyst James Grzinic in his industry outlook published on Monday. Inditex is his top favorite, and he also recommended buying Danish retailer Pandora. At Puma, it is not yet certain how the brand will develop./ag/zb

  Publication of the original study: January 25, 2025 / 3:29 a.m. / ET

  First distribution of the original study: January 26, 2025 / 5:00 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 24, 2025

  Hauck Aufhäuser IB lowers target for Puma SE to 58 euros - 'Buy'

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has lowered its price target for Puma SE from €64 to €58 following key figures for 2024 and an outlook, while maintaining the "Buy" rating. Analyst Christian Salis lowered his estimates in a study released Friday after the sporting goods manufacturer missed expectations. However, after the bad news, he now sees a reset of expectations./mis/nas

  Publication of the original study: January 24, 2025 / 8:19 a.m. / CET

  First distribution of the original study: January 24, 2025 / 8:19 a.m. / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 23, 2025

  Goldman lowers target for Puma SE to 53 euros - 'Buy'

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Puma SE from €62 to €53 and maintained its "Buy" rating. Analyst Richard Edwards cut his operating earnings estimates on Thursday evening in response to missed margin expectations and the new medium-term targets. He maintained his buy recommendation./ag/mis

  Publication of the original study: January 23, 2025 / 5:02 PM / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 23, 2025

  Warburg Research: Also positive for Puma - 'Buy'

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma SE at "Buy" with an initial price target of €85. Puma missed expectations in the fourth quarter, wrote analyst Jörg Frey in his reaction to the key figures released on Thursday. Despite the postponed margin target, he sees a positive overall tone due to the expected growth acceleration in 2025./ag/mis

  Publication of the original study: January 23, 2025 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 23, 2025

  Goldman maintains Puma SE at 'Buy' - target 62 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Puma SE at "Buy" with an initial price target of €62. The previously published fourth-quarter operating results slightly missed expectations, analyst Richard Edwards wrote on Thursday morning. However, the margin target for 2027 is not surprising./ag/mis

  Publication of the original study: January 23, 2025 / 6:18 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  Barclays maintains Puma SE at 'Equal Weight' - Target 45 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Puma SE at "Equal Weight" with a price target of €45. Following the sporting goods manufacturer's fourth-quarter statements, there are more questions than answers, wrote analyst Wendy Liu in her commentary published Thursday. While the cost-efficiency program could help, the path to an EBIT margin of 8.5 percent will likely be rockier than expected./ag/mis

  Publication of the original study: January 22, 2025 / 11:27 PM / GMT

  First distribution of the original study: January 23, 2025 / 4:00 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  Jefferies maintains Puma on 'Hold' - Target 40 euros

  NEW YORK (dpa-AFX Analyst) - Following preliminary quarterly figures, analyst Jefferies has maintained its rating for Puma at "Hold" with a price target of €40. The key figures fell short of expectations, wrote analyst James Grzinic in an initial response released Wednesday./edh/he

  Publication of the original study: January 22, 2025 / 1:32 PM / ET. First distribution of the original study: January 22, 2025 / 1:32 PM / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• January 22, 2025

  RBC maintains Puma at 'Sector Perform' - Target €45

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma at "Sector Perform" with a price target of €45 following its quarterly results. The sporting goods manufacturer's key figures were weaker than expected, wrote analyst Piral Dadhania in an initial reaction released Wednesday./edh/he

  Publication of the original study: January 22, 2025 / 1:09 PM / EST. First distribution of the original study: January 22, 2025 / 1:09 PM / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 20, 2024

  Warburg Research leaves Puma on 'Buy' - Nike makes way

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma SE at "Buy" with a price target of €85. Analyst Jörg Frey wrote on Friday after the American company's results that Nike is making room for others to grow. He added that there is considerable potential for both Puma and Adidas./ag/mf

  Publication of the original study: December 20, 2024 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 11, 2024

  RBC maintains Puma SE at 'Sector Perform' - Target 45 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained Puma SE's "Sector Perform" rating with a price target of €45. The improving US economy is supporting shares of luxury goods and sporting goods manufacturers, analyst Piral Dadhania wrote in a 2025 industry outlook published Thursday. Recent data, including from China, strengthened his confidence in a stabilization of sales starting in the current quarter. In the luxury goods sector, he favors LVMH, Burberry, and Watches of Switzerland, and in the sporting goods sector, Adidas. The strong growth profile speaks in favor of the Herzogenaurach-based company. Competitor Puma is comparatively attractively valued and boasts the best online trends, but is lagging behind Adidas in the recovery./gl/mis

  Publication of the original study: December 11, 2024 / 8:19 p.m. / EST. First distribution of the original study: December 12, 2024 / 12:45 a.m. / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• December 9, 2024

  RBC maintains Puma SE at 'Sector Perform' - Target 45 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma SE at "Sector Perform" with a price target of €45. Analyst Piral Dadhania's favorites for 2025 in the luxury and premium brands sector are Adidas, LVMH, Burberry, and Watches of Switzerland. He wrote this in his outlook on Monday./ag/gl

  Publication of the original study: December 9, 2024 / 00:46 / EST. First distribution of the original study: December 9, 2024 / 00:46 / EST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 29, 2024

  JPMorgan raises target for Puma to 47 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has raised its price target for Puma from 44 to 47 euros, but left the rating at "neutral". Adidas and On are the first choice to benefit from the positive prospects for the sporting goods industry, wrote analyst Chiara Battistini in her outlook for 2025, published on Monday./ag/zb

  Publication of the original study: November 29, 2024 / 6:31 p.m. / GMT

  First distribution of the original study: December 2, 2024 / 12:15 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 13, 2024

  Warburg Research maintains Puma's 'Buy' rating - target €85

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma at "Buy" with a price target of €85 following third-quarter figures. The sporting goods company's growth acceleration is expected to continue, analyst Jörg Frey wrote in a study released Wednesday. 2025 should be "Puma's year," according to the expert, because the Adidas competitor is playing its cards well./tih/mis

  Publication of the original study: November 13, 2024 / 8:15 a.m. / CET

  First distribution of the original study: Date not specified in study / Time not specified in study / CET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 7, 2024

  Deutsche Bank Research maintains Puma SE at 'Buy' - target 60 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Puma SE following its quarterly results, with a price target of €60. The results were in line with the sporting goods manufacturer's targets and consensus estimates, wrote analyst Adam Cochrane in a report released Thursday./edh/gl

  Publication of the original report: November 7, 2024 / Time not specified in the report / CET. First distribution of the original report: November 7, 2024 / 8:05 a.m. / CET

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  JPMorgan raises target for Puma SE to 44 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Puma SE from €40 to €44, but maintained its rating at "Neutral." Analyst Olivia Townsend wrote Wednesday evening after the quarterly report that Puma is not yet in the fast lane. The results were solid at first glance, but ultimately not of the highest quality./ag/ck

  Publication of the original study: November 6, 2024 / 8:56 PM / GMT

  First distribution of the original study: November 7, 2024 / 12:15 AM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Goldman maintains Puma SE at 'Buy' - target 62 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Puma SE with a price target of €62. The order book signals encouraging sales and margin trends in the fourth quarter and into the new year, analyst Richard Edwards wrote Wednesday evening after the quarterly report./ag/gl

  Publication of the original study: November 6, 2024 / 5:11 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  JPMorgan maintains Puma SE at 'Neutral' - Target 40 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" rating on Puma SE following its quarterly results, with a price target of €40. The sporting goods manufacturer has largely met expectations, wrote analyst Olivia Townsend in a report published Wednesday./gl/jha/

  Publication of the original report: November 6, 2024 / 10:58 a.m. / GMT First distribution of the original report: November 6, 2024 / 10:58 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Goldman maintains Puma SE at 'Buy' - target 62 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Puma SE with a price target of €62. Currency-adjusted sales and operating profit met expectations, analyst Richard Edwards wrote Wednesday morning after the quarterly report. The wholesale business is back on a growth path./ag/bek

  Publication of the original study: November 6, 2024 / 8:05 a.m. / GMT

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Deutsche Bank Research maintains Puma SE at 'Buy' - target 60 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Puma SE following its quarterly results, with a price target of €60. The sporting goods manufacturer largely performed in line with expectations, analyst Adam Cochrane wrote on Wednesday morning.

  Publication of the original study: November 6, 2024 / 8:20 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / GMT.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  Jefferies maintains Puma SE on 'Hold' - Target 40 euros

  NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its rating for Puma SE at "Hold" after the company's earnings release, with a price target of €40. The quarterly figures, which were largely in line with expectations, were accompanied by a rather unsurprising confirmation of the annual targets, wrote analyst James Grzinic in his quick assessment on Wednesday./ck/ag

  Publication of the original study: November 6, 2024 / 2:24 a.m. / ET

  First distribution of the original study: November 6, 2024 / 2:24 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• November 6, 2024

  RBC maintains Puma SE at 'Sector Perform' - Target 42 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma SE at "Sector Perform" with a price target of €42. The third quarter was largely in line with expectations and the annual targets were confirmed, analyst Piral Dadhania wrote Wednesday morning after the report./ag/gl

  Publication of the original study: November 6, 2024 / 2:23 a.m. / EDT First distribution of the original study: November 6, 2024 / 2:23 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 15, 2024

  Deutsche Bank Research maintains Puma SE at 'Buy' - target 60 euros

  FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Puma SE ahead of its quarterly results, with a price target of €60. The sporting goods manufacturer's sales growth is expected to be in line with the company's forecast, analyst Adam Cochrane wrote in a study published Tuesday./edh/bek

  Publication of the original study: October 15, 2024 / Time not specified in study / CET

  First distribution of the original study: October 15, 2024 / 8:00 a.m. / CET

  Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 11, 2024

  Jefferies maintains Puma on 'Hold' - Target 40 euros

  NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained a "Hold" rating on Puma with a price target of €40 ahead of the company's quarterly results expected on November 6. Analyst James Grzinic sees the significantly lower share price as a reflection of investors' desire for more tangible evidence of a turnaround in the brand's dynamics before investing in the stock with greater confidence. However, he wrote in a study released Friday that the upcoming figures are unlikely to have a decisive impact on the debate. He initially expects only slightly stronger sales momentum in the third quarter./ck/he

  Publication of the original study: October 11, 2024 / 8:48 a.m. / ET First distribution of the original study: October 11, 2024 / 8:48 a.m. / ET

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 10, 2024

  JPMorgan maintains Puma SE at 'Neutral' - Target 40 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" price target of €40 on Puma SE. Ahead of the sporting goods manufacturer's quarterly results on November 6, the bank adjusted its estimates based on recent industry trends, company-specific data, the company's pre-announcement summaries of recent developments ("aide memoire"), and insights from discussions with the investor relations team, analyst Olivia Townsend wrote in her outlook published Friday. The industry should show solid demand trends, and the improving situation in North America should offset the weakness in China. Puma's quarterly targets appeared achievable.

  Publication of the original study: October 10, 2024 / 7:18 PM / BST. First distribution of the original study: October 11, 2024 / 12:15 AM / BST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 9, 2024

  RBC maintains Puma SE at 'Sector Perform' - Target 42 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma SE at "Sector Perform" with a price target of €42. The third-quarter results have already been fairly clearly mapped out, wrote analyst Piral Dadhania in his outlook on the report released Thursday. What is less clear to him is the sustainability of double-digit growth into 2025 – a key factor for the turnaround./ag/gl

  Publication of the original study: October 9, 2024 / 5:35 PM / EDT. First distribution of the original study: October 10, 2024 / 12:45 AM / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 7, 2024

  RBC maintains Puma SE at 'Sector Perform' - Target 42 euros

  NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Puma SE at "Sector Perform" with a price target of €42. In his industry analysis published Tuesday, Piral Dadhania revised his list of the best investment ideas in the European luxury goods and sporting goods sector, also reflecting the recent outlook in China. He views the luxury segment more neutrally than last year due to several profit warnings, but LVMH and Watches of Switzerland remain his preferred stocks. Adidas is growing fastest in the sporting goods business./tih/ag

  Publication of the original study: October 7, 2024 / 5:33 p.m. / EDT

  First distribution of the original study: October 8, 2024 / 12:45 a.m. / EDT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• October 2, 2024

  JPMorgan maintains Puma SE at 'Neutral' - Target 40 euros

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Puma SE at "Neutral" following Nike's results, with a price target of €40. The signaling power of the Nike report for European competitors is limited, as many aspects are company-specific, wrote analyst Olivia Townsend in her commentary published Wednesday. However, the conference call revealed the current strength of others, especially Adidas./ag/gl

  Publication of the original study: October 2, 2024 / 12:52 AM / BST First distribution of the original study: October 2, 2024 / 12:52 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 27, 2024

  Warburg Research maintains Puma SE at 'Buy' - target 85 euros

  HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has maintained its rating for Puma SE at "Buy" ahead of third-quarter results, with a price target of €85. The positive turning point for the sporting goods manufacturer is approaching, wrote analyst Jörg Frey in his outlook published on Friday./ajx/ag

  Publication of the original study: September 27, 2024 / 8:15 a.m. / CEST

  First distribution of the original study: Date not specified in study / Time not specified in study / CEST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  JPMorgan lowers target for Puma SE to 40 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has lowered its price target for Puma SE from €43 to €40 and left the rating at "Neutral." Analyst Olivia Townsend is confident in her forecasts of higher growth in the third quarter compared to the same period last year. However, she questions the quality of Puma's growth. Investors should not chase short-term price strength, according to a study published Thursday./ajx/la

  Publication of the original study: September 26, 2024 / 12:33 PM / BST

  First distribution of the original study: September 26, 2024 / 12:34 PM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  Hauck Aufhäuser IB maintains Puma SE at 'Buy' - Target 64 euros

  HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has maintained its rating for Puma SE at "Buy" with a price target of €64. Economic stimulus in China and artificial intelligence are supporting the operating recovery, wrote analyst Christian Salis in a study published Thursday./ajx/stk

  Publication of the original study: September 26, 2024 / 7:50 a.m. / CEST. First distribution of the original study: September 26, 2024 / 8:19 a.m. / CEST.

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 26, 2024

  JPMorgan lowers target for Puma to 40 euros - 'Neutral'

  NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Puma from €43 to €40, but maintained its rating at "Neutral." While Puma should be able to achieve its third-quarter targets, which some doubted given the recent below-average share price performance, Olivia Townsend wrote in her industry analysis published Thursday. However, trends remain mixed, and the quality of growth remains questionable. The expert therefore advises against chasing a potential price recovery./ag/zb

  Publication of the original study: September 26, 2024 / 12:33 AM / BST

  First distribution of the original study: September 26, 2024 / 12:34 AM / BST

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 13, 2024

  Goldman maintains Puma's 'Buy' rating - target 62 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for sportswear manufacturer Puma with a price target of €62. Analyst Richard Edwards made minor adjustments to his margin and earnings estimates on Friday./ag/tih

  Publication of the original study: September 13, 2024 / 10:25 a.m. / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 9, 2024

  Barclays maintains Puma SE at 'Equal Weight' - Target 41 euros

  LONDON (dpa-AFX Analyst) - British investment bank Barclays has maintained its rating for Puma SE at "Equal Weight" with a price target of €41. Following her trip to China in August, analyst Wendy Liu expects continued weak demand. Competition is increasing and 2025 will be challenging, she wrote in her commentary published on Monday. It also anticipates increasing skepticism in the medium term./ag/la

  Publication of the original study: September 9, 2024 / 4:30 a.m. / GMT

  First distribution of the original study: September 9, 2024 / 4:45 a.m. / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.

• September 6, 2024

  Goldman maintains Puma's 'Buy' rating - target 62 euros

  NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Buy" rating for Puma with a price target of €62. Analyst Richard Edwards updated his expectations for the fourth fiscal quarter in his commentary published on Monday. He cited, among other things, the volatility caused by hyperinflation in Argentina./tih/ag

  Publication of the original study: September 6, 2024 / 4:59 PM / BST

  First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.