In a report released today, Alison Fok from DBS maintained a Buy rating on PUMA SE NPV (PMMAF – Research Report), with a price target of €59.00.
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Alison Fok’s rating is based on several factors driving the recommendation for PUMA SE NPV’s stock. Despite the mild margin disappointment in the preliminary fourth-quarter results, the company exhibited a notable increase in EBIT and currency-neutral sales. This performance underscores Puma’s ability to maintain consistent revenue and margin growth over the years, even amidst current macroeconomic challenges and currency headwinds.
Puma’s product differentiation and steady sales track record are vital components that are expected to reignite its growth engines. Alison Fok suggests that the company’s healthy inventory levels and direct-to-consumer prospects will continue to support sales momentum, particularly in the latter half of the year. Consequently, with a target price set at EUR59 per share, the Buy rating reflects optimism about Puma’s capacity to navigate ongoing challenges and capitalize on its strategic advantages.
According to TipRanks, Fok is a 4-star analyst with an average return of 5.4% and a 59.34% success rate. Fok covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, TJX Companies, and PUMA SE NPV.
In another report released on January 30, Warburg Research also maintained a Buy rating on the stock with a €70.00 price target.