PARIS (dpa-AFX Broker) - The major French bank Societe Generale (SocGen) has downgraded Puma SE from "Buy" to "Hold" after key figures for the fourth quarter and lowered the target price from 68 to 43 euros. The targets for sales and operating earnings (EBIT) in the current year are significantly below expectations, analyst Antoine Riou wrote in a study published on Thursday. This was mainly due to economic factors. In addition, there are concerns regarding the traction of the Puma brand and the lack of other stimuli. All this led him to downgrade the rating to "Hold"./bek/ajx

Publication of the original study: 25.01.2024 / 07:38 / CET

First dissemination of the original study: 25.01.2024 / Time not specified in study / Time zone not specified in study

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