Puma shares were 2.5% higher in mid-morning trade, regaining some of the prior session's 4% loss even as analysts at Goldman Sachs and TD Cowen on Wednesday trimmed target price s on the stock. The German sportwear retailer on Tuesday reported currency-adjusted sales growth of 6.6%, and earnings before interest and taxes (EBIT) within its prior guidance range of 622 million euros ($671.9 million).
It also flagged a 'volatile environment that impacted the whole industry' and said the market remained challenging. It again flagged the impact of the devaluation of the Argentine peso on business
Puma Shares Target Price Sales Growth Earnings Industry Market Devaluation Argentine Peso
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