UBS upgraded Puma (PUMSY) to Neutral from Sell with a price target of EUR 20.90, up from EUR 16.30. Recent reports of a potential sale by Artemis is “only speculation at this stage,” but the fundamentals “might be temporarily overlooked in the near-term,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PUMSY:
- Puma upgraded to Hold from Sell at DZ Bank
- Keurig Dr Pepper buys JDE Peet’s, Thoma Bravo to acquire Verint: Morning Buzz
- Puma options being weighed by Pinault family, Bloomberg reports
- Pinault family exploring potential sale of Puma, Bloomberg says
- Puma price target lowered to EUR 19 from EUR 25 at Barclays