Citi analyst Monique Pollard initiated coverage of Puma with a Neutral rating and EUR 58 price target. Puma’s focus is on repositioning its U.S. product to achieve more full-price sales, and improving its Chinese market share, but this will be a challenge given Nike and Adidas’ larger marketing budgets, the analyst tells investors in a research note.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on PUMSY: