Puma: UBS confirms its opinion on the stock

(CercleFinance.com) - UBS believes that the Group is facing a new, even more difficult reality.
The analyst confirms his Neutral opinion on the share and leaves his price target unchanged at E43.9. This target represents a potential upside of 44% for the stock.

'Puma faces significant risks to its growth and margin targets', says UBS.

Puma says it has decided to launch a cost optimization plan called 'nextlevel', with the aim of achieving an operating margin of 8.5% by 2027. The group had previously forecast an operating margin of between 8% and 8.5% this year.

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