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Puma: UBS still a buyer, nudges up target price

(CercleFinance.com) - UBS reinstates its "buy" rating on Puma shares, nudging up its target price for them from 117 euros to 119 euros, which represents upside potential of 12% for the German sports goods supplier's shares.


"Solid Q3 performance leave further upside risk to outlook despite industry-wide supply chain issues," the broker says, adding that it is increasing its estimates for the group.

Puma shares are currently up 2% at over 108 euros.


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