Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com -- Puma SE (ETR:PUMG) has been downgraded to a "hold" rating from "buy" by analysts at Deutsche Bank (ETR:DBKGn), following a reduction in its earnings outlook.
The target price for the stock has been slashed to €20 from €34 , reflecting growing concerns about the company’s future performance.
This comes after Puma delivered weaker-than-expected second-quarter EBIT results and slashed its full-year 2025 sales and EBIT guidance.
The German apparel company’s lack of visibility into earnings for FY25 and the uncertainty surrounding the transition year in 2026 have made Puma a difficult investment case.
The shift in strategy, moving away from the "brand elevation" approach to a renewed focus on full-price sales, has been flagged as a key change.
However, a slowdown in wholesale sales raises doubts about the speed of any potential recovery.