NEW YORK (dpa-AFX Broker) - The US bank JPMorgan has left Puma SE at "Neutral" with a target price of 50 euros after the quarterly figures of its competitor Nike. Since Adidas and Puma recently commented on the first quarter and gave outlooks for 2024, the impact of the US sporting goods manufacturer's figures on their share prices should be limited, analyst Olivia Townsend wrote in a study published on Friday. The Americans' earnings per share adjusted for restructuring expenses were well above her estimate thanks to strong gross margins and lower investments. Inventories had also developed better than expected./gl/tih

Publication of the original study: 22.03.2024 / 01:14 / GMT First dissemination of the original study: 22.03.2024 / 05:00 / GMT

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