Puma's Future Uncertain as Analysts Clash, Institutional Investors Act
Puma's future is a topic of debate among analysts, with Bank of America recently turning optimistic while HSBC remains pessimistic. A surge in trading volume, over 2,750 percent above average, suggests significant institutional investor activity.
Major institutional shareholders now include Schroder Investment Management Ltd., Amundi Asset Management SASU, Norges Bank Investment Management, and DWS Investment GmbH, each holding over 3 percent. BlackRock has also emerged as a significant shareholder, owning 3.21 percent of voting rights since October 9. Bank of America's upgrade is based on technical adjustments, not business prospects. HSBC predicts a currency-adjusted revenue drop of around 7 percent in Q3 and about 30 percent in Q4. The upcoming Q3 results will be crucial in reassuring or validating investors' concerns.
Puma's future remains uncertain, with differing analyst opinions and significant institutional investor involvement. The upcoming Q3 results will provide clarity on the company's performance and help validate or challenge the current market sentiment.
