Puma: UBS raises target price
(CercleFinance.com) - The analyst maintains a neutral rating on the stock, although has raised its target price to E60 (from E57) after the group announced its Q3 2023 results.
UBS believes that "Q3 results with no surprises but confident tone".
"Q3 came broadly in-line with cons but reassuring tone from management lifted the sentiment. We remain Neutral as we await more clarity on PUM's LT strategy", UBS says.
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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.
UBS believes that "Q3 results with no surprises but confident tone".
"Q3 came broadly in-line with cons but reassuring tone from management lifted the sentiment. We remain Neutral as we await more clarity on PUM's LT strategy", UBS says.
Copyright (c) 2023 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.