Analyst David Hayes from Jefferies maintained a Buy rating on Puig Brands, S.A. (PUIG – Research Report) and decreased the price target to €22.90 from €24.50.
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David Hayes has given his Buy rating due to a combination of factors including Puig Brands, S.A.’s strong performance in its Fragrance & Fashion division, which has shown double-digit growth and exceeded expectations. Despite challenges in the makeup segment, the company remains optimistic about accelerating growth throughout the year.
Additionally, Hayes anticipates that Puig Brands, S.A. will achieve high single-digit EPS growth in the fiscal year 2025. The company’s commitment to reinvesting in its business for sustained mid-term growth further supports the positive outlook and the Buy recommendation.
According to TipRanks, Hayes is ranked #3356 out of 9472 analysts.
In another report released on April 29, Barclays also maintained a Buy rating on the stock with a €22.60 price target.