Puma: Jefferies initiates coverage with 'buy'
(CercleFinance.com) - An analyst at Jefferies today began to monitor the Puma share with a "buy" recommendation.
"Our estimates for Puma are 11% above consensus because of a more optimistic view of China, backed up by verified data, which confirms the brand's success. In addition, we believe that expansion in the wholesale, retail and online sectors should continue to drive growth in the group's sales," the broker said.
Jefferies has therefore set its target price at 83 euros.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Our estimates for Puma are 11% above consensus because of a more optimistic view of China, backed up by verified data, which confirms the brand's success. In addition, we believe that expansion in the wholesale, retail and online sectors should continue to drive growth in the group's sales," the broker said.
Jefferies has therefore set its target price at 83 euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.