(CercleFinance.com) – Puma takes 3% and thus outperforms the trend in Frankfurt, supported by comments from Stifel which reaffirms its ‘buy’ recommendation with an adjusted price target of 108 to 100 euros on the action of the German supplier of ‘sport stuff.
‘In the context of a deteriorating environment and a negative backdrop in China, we continue to expect Puma to confirm its objectives for 2022’, judges the broker, who considers it ‘much more resilient’ than its peer adidas.
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