Stifel confirms its Buy rating on Puma shares, with its price target raised from 62 to 64 euros.

The analyst believes that strong sales momentum in Q1 2024 and solid orders for Q4 have bolstered management's confidence in achieving fiscal 2024 targets.

Against this backdrop, Stifel believes that Puma is 'rather ahead' of its forecasts, and the broker is raising its earnings estimates by 1% to above consensus.


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