2024-03-26 12:50:14 ET
Summary
- The negative read-throughs from PUMA SE management commentary and guidance provided by Puma's peers suggest that the company's near-term prospects will be challenging.
- On the other hand, there are positive takeaways from Puma's 2024 Capital Markets Day event relating to its financial outlook and its capital return policy for the intermediate-to-long term.
- A mix of positives and negatives translates into a Hold rating for Puma shares.
Elevator Pitch
My rating for PUMA SE ( PMMAF , PUMSY ) [PUM:GR] stays as a Hold. I touched on the company's mid-term financial outlook and its share price underperformance in my initiation article published on January 11, 2024....
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Puma: A Mix Of Positives And Negatives