Puma

Analyst updates, 02.12.24:

⬆️⬆️⬆️

- EXANE BNP upgrades NOVO NORDISK to Outperform. Target price DKK 930. $NOVO B

- HSBC upgrades LVMH to Buy. Target price EUR 727. $MC (-0,12%)

- WARBURG RESEARCH raises target price for MTU from EUR 278 to EUR 297. Hold. $MTX (-0,03%)

- GOLDMAN raises the price target for VISA from USD 324 to USD 347. Buy $V (+0,08%)

- DEUTSCHE BANK RESEARCH upgrades BASF from Hold to Buy and raises price target from EUR 50 to EUR 55. $BAS (-0,02%)

- DEUTSCHE BANK RESEARCH upgrades BURBERRY from Hold to Buy and raises target price from GBP 8.60 to GBP 11.80. $BRBY (-0,23%)

- GOLDMAN raises the target price for AROUNDTOWN from EUR 2.90 to EUR 3.70. Buy. $AT1 (-0,46%)

- GOLDMAN downgrades TOAST from Buy to Neutral and raises target price from USD 34 to USD 45. $TOST (+0,07%)

- HSBC upgrades HERMES to Buy. Target price 2500 EUR. $RMS (-0,11%)

- MORGAN STANLEY upgrades ZEBRA TECH to Equal-Weight. Target price 400 USD. $ZBRA (+0,1%)

- JPMORGAN upgrades AIR LIQUIDE from Neutral to Overweight and raises target price from EUR 161 to EUR 195. $AI (+0,09%)

- JPMORGAN raises target price for PUMA SE from EUR 44 to EUR 47. Neutral. $PUM (+0,05%)

⬇️⬇️⬇️

- GOLDMAN lowers the price target for MASTERCARD from USD 563 to USD 557. Buy. $MA (-0,21%)

- WARBURG RESEARCH lowers the price target for AIXTRON from EUR 26 to EUR 24. Buy. $AIXA (-0,3%)

- METZLER lowers the price target for WACKER NEUSON from EUR 14.50 to EUR 14. Hold. $WAC (+0%)

- DEUTSCHE BANK RESEARCH downgrades K+S from Hold to Sell and lowers target price from EUR 9.75 to EUR 9.50. $SDF (-0,07%)

- BERENBERG lowers the price target for BP from GBP 4.70 to GBP 4.40. Hold. $BP. (-0,06%)

- RBC downgrades IBERDROLA from Outperform to Sector-Perform. Target price EUR 14 $IBE (-1,23%)

- RBC lowers the price target for RWE from EUR 52.50 to EUR 45.50. Outperform. $RWE (-0,57%)

- JPMORGAN lowers the target price for ORSTED from DKK 460 to DKK 430. Neutral. $ORSTED (-0,47%)

- JPMORGAN lowers the price target for ADIDAS from EUR 275 to EUR 266. Overweight. $ADS (+0,06%)

- JPMORGAN lowers the price target for LVMH from EUR 685 to EUR 650. Neutral. $MC (-0,12%)

- JPMORGAN lowers the price target for HUGO BOSS from EUR 43 to EUR 42. Neutral. $BOSS (-0,04%)

Build up some cash

⬆️⬆️⬆️

- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (-0,2%)

- BERNSTEIN raises the price target for QUALCOMM from USD 200 to USD 215. Outperform. $QCOM (+0,21%)

- UBS raises the price target for LYFT from USD 13 to USD 18. Neutral. $LYFT (+0,17%)

- BARCLAYS raises the price target for SIEMENS HEALTH from EUR 60.50 to EUR 62.50. Overweight. $SHL (+0,02%)

- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (-0,08%)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (+0,11%)

- WARBURG RESEARCH raises the price target for ZEAL NETWORK from EUR 59 to EUR 64. Buy. $TIMA (-0,1%)

- GOLDMAN raises the price target for VONOVIA from EUR 42.70 to EUR 43.70. Buy. $VNA (+0%)

- BARCLAYS raises the price target for AHOLD DELHAIZE from EUR 30 to EUR 31. Equal-Weight. $AD (-0,14%)

- BARCLAYS raises the target price for FMC from EUR 38.50 to EUR 39. Equal-Weight. $FMC (+0,12%)

- JPMORGAN raises the target price for COMMERZBANK from EUR 18 to EUR 18.40. Overweight. $CBK (+0,03%)

- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (+0,05%)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (+0,02%)

⬇️⬇️⬇️

- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (-1,53%)

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1100 to DKK 1000. Buy. $NOVO B (+1,79%)

- RBC lowers the price target for NIKE from 82 USD to 80 USD. Sector Perform. $NKE (+0,05%)

- ODDO BHF downgrades ASM INTERNATIONAL to Outperform. Target price EUR 960. $ASM (+0,05%)

- KEPLER CHEUVREUX downgrades HENSOLDT from Buy to Hold. Target price EUR 34. $HAG (+0,55%)

- DEUTSCHE BANK RESEARCH lowers the price target for ZALANDO from EUR 40 to EUR 36. Buy. $ZAL (-0,51%)

- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-0,54%)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (-0,93%)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (+0%)

- BARCLAYS lowers the price target for TEAMVIEWER from EUR 18 to EUR 15.50. Overweight. $TMV (+6,24%)

- WARBURG RESEARCH lowers the price target for KLÖCKNER & CO from EUR 6 to EUR 5.70. Buy. $KCOB

- HAUCK AUFHÄUSER IB lowers the target price for NORMA GROUP from EUR 32 to EUR 27. Buy. $NOEJ (-0,13%)

- WARBURG downgrades EDAG ENGINEERING from Buy to Hold and lowers target price from EUR 13 to EUR 9.50. $ED4 (-2,27%)

- LBBW lowers the price target for ALLGEIER from EUR 24 to EUR 20. Buy. $AEIA

- BARCLAYS lowers the price target for HENKEL from EUR 79 to EUR 77. Equal-Weight. $HEN (-0,07%)

- BERENBERG lowers the price target for KRONES from EUR 157 to EUR 154. Buy. $KRN (-0,08%)

$PUM (+0,05%) really strong in the last few weeks 💪

$PUM (+0,05%) cracked the €40 mark today even before the figures 👍

16.10.2024

Relief rally for airlines thanks to oil price + ASML more pessimistic for 2025 after disappointing order intake + Adidas and Puma in demand - strong quarterly figures expected + LVMH records a decline in sales in the third quarter + Ericsson share price jumps after figures

Airline shares were among the day's winners. Oil prices fell by up to 5 percent at the peak, leading to a relief rally. Lufthansa $LHA (-0,74%) rose by 3.2 percent. Oil prices were driven by reports that Israel would not target oil facilities in the event of a retaliatory attack on Iran. In the DAX MTU $MTX (-0,03%) jumped to an all-time high with a 4.9 percent gain. As hoped, the engine manufacturer raised its annual profit forecast slightly to over 1 billion euros.

The chip supplier ASML $ASML (-0,25%) is taking a more cautious view of 2025 after a disappointing order intake. The company announced on Tuesday that net sales are likely to be between 30 and 35 billion euros. ASML had previously expected 30 to 40 billion euros. Analysts previously expected an average of 36 billion euros. The gross margin is now expected to be 51 to 53 percent, compared to 54 to 56 percent previously. Market expectations had previously been just under 54 percent.

The shares of the sporting goods manufacturers Adidas $ADS (+0,06%) and Puma $PUM (+0,05%) posted above-average gains on Tuesday. Stock expert Frederik Altmann from Alpha Wertpapierhandel saw several reasons for this, even though "there is no solid news on the day". Strong quarterly reports are expected from both companies. In addition, both stocks are "China plays". The hope that the announced economic stimuli could rekindle consumer sentiment in China is also driving these two stocks. While Adidas rose by 1.4 percent to 239.90 euros in the Dax, Puma rose by 3.1 percent to 37.13 euros in the MDax. With a view to the upcoming quarterly figures, there was a positive commentary on Puma from Deutsche Bank in addition to an outlook from Metzler Bank. The bank reiterated its buy recommendation and expects the figures expected on November 6 to be a price driver. Adidas plans to report on the past quarter on October 29 - and could also surprise positively, as Warburg Research expects.

LVMH $MC (-0,12%) recorded a 4.4% drop in sales to 19.08 billion euros in the third quarter, which fell short of analysts' expectations. The shares of the luxury goods group fell by around six percent in after-hours trading. Luxury goods stocks such as Hermes, LVMH and Kering record losses of up to 3.5% in the EuroStoxx 50 due to concerns about the Chinese market. Richemont and Swatch in Zurich also lose 3.1% and 1.4% respectively.

The shares of Ericsson $ERIC B (+0,23%) rose significantly in early trading on Tuesday. The shares of the Swedish network equipment provider recently gained 8.5%. The stock thus continued the upward trend of the previous months at an accelerated pace. Just under a year ago, Ericsson achieved a technical turnaround, as a result of which the share price has almost doubled to date. In an initial assessment, analysts at Goldman Sachs spoke of slightly better than expected figures in the third quarter, but of a cautious outlook for the fourth quarter. The analysts at JPMorgan identified as a positive aspect that the better than expected figures were primarily due to the favorable shift in the composition of sales towards the USA. Another positive aspect was the improved free cash flow, which had increased further

Wednesday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

12:45 U.S. Bancorp quarterly figures

13:30 Morgan Stanley | Abbott Labs quarterly figures

22:10 Alcoa quarterly figures

Quarterly figures / Company dates Europe

07:15 ASML quarterly figures | Just Eat Takeaway Trading Update 3Q

10:00 Swiss Re: Industry meeting in Baden-Baden (Call 10 a.m.)

No time specified: British American Tobacco Capital Markets Day

Economic data

• 08:00 UK: Consumer Prices September | Producer Prices September (Output) FORECAST: -0.3% yoy/-0.6% yoy previous: -0.4% yoy/+0.2% yoy
• 14:30 US: Import and export prices September import prices FORECAST: -0.3% yoy previous: -0.3% yoy

$PUM (+0,05%)

everyone watch out I'm shopping, the share will explode next week !!! 💥

As every Sunday, the most important news from the past week and dates for the coming week.

Also as a video:

https://youtube.com/shorts/1XvAW5dIDFI?si=nl0PB75twJ5F_NzZ

Monday:

Good news in terms of inflation. Producer prices in Europe have fallen further by 7.8% compared to the same month last year. Energy prices have fallen particularly sharply.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-erzeugerpreise-in-der-euro-zone-sinken-erneut-deutlich/100036948.html

Tuesday:

$TMV (+6,24%) TeamViewer unfortunately cannot meet high expectations. Although revenue rose by 7%, the Management Board emphasized the difficult environment, which also had an impact on billings. The majority of analysts continue to have a positive view of the share, with some even describing Teamviewer as 'undervalued', including Barclays analysts.

https://www.finanzen.net/nachricht/aktien/wachstum-erzielt-teamviewer-aktie-mit-kraeftigem-abschlag-teamviewer-kann-erwartungen-nicht-erfuellen-13487727

Wednesday:

The sheet at $PUM (+0,05%) Puma and $ADS (+0,06%) Adidas seem to be turning again. In recent years, Puma has grown faster than Adidas. In the first quarter, the 'big brother' was stronger again. Puma increased sales by 0.5% to 2.1 billion euros, Adidas by 8% to 5.5 billion euros. It is interesting to note that the change in growth correlates strongly with Björn Gulden's move to Adidas.

https://www.handelsblatt.com/unternehmen/handel-konsumgueter/puma-sportartikelhersteller-waechst-langsamer-als-adidas/100035947.html

Despite many voices saying "you should buy now", real estate prices continue to fall. These are often interest-driven statements. The bottom of the real estate market does not yet appear to have been reached. This could change again with falling key interest rates. According to the Association of German Pfandbrief Banks, prices fell by an average of 5.3% in the first quarter. Residential real estate prices still fell by 4.3 %.

https://www.handelsblatt.com/finanzen/immobilien/immobilien-preise-fuer-haeuser-und-wohnungen-rutschen-weiter-ab/100037075.html

Thursday:

China's 🇨🇳 foreign trade appears to be picking up again. Imports grew by 8.4% compared to the same month last year. Contrary to the trend, imports from Germany fell by 2.6%. If the trend remains the same, the USA 🇺🇸 is likely to soon become Germany's most important trading partner. Exports to Russia also fell, probably due to new sanctions imposed by the USA.

https://www.handelsblatt.com/politik/international/konjunktur-china-exportiert-im-april-mehr-weniger-handel-mit-deutschland/100037292.html

The BoE is not changing the key interest rate of 5.25% in the UK 🇬🇧. Experts expect the first interest rate cut in the UK at the end of August. The decision was not taken unanimously.

https://www.euronews.com/business/2024/05/09/boe-holds-rates-steady-and-expects-inflation-below-target-by-mid-2026

Friday:

Consumer confidence in the US 🇺🇸 is falling, but this is also supporting the markets. In the meantime, 90% of market participants once again believe that the Fed will cut interest rates in early fall. At the beginning of the week, the figure was still at 50%.

https://www.handelsblatt.com/politik/international/usa-us-verbraucherlaune-schlecht-wie-seit-einem-halben-jahr-nicht-mehr/100037363.html

Most important dates in the coming week:

Wednesday: 4:00 Economic data (China)

Wednesday: 14:30 Producer prices (USA)

Friday: 1:30 GDP figures (Japan)

Moin Moin,

I'm trying to take my retirement provision into my own hands. At the beginning, I had the following target allocation:

- 60% - $IWDA (+0%)

- 30% - $EIMI (-0,56%)

- 10% - $SMEA (+0,16%)

In the course of time, I have slightly lost my way and have also added a dividend ETF ($VHYL (-0,05%) ) and bought individual shares more frequently. I have no idea about analysis; I simply bought when the price seemed fair to me, sometimes more and sometimes less successfully.

I don't want to have to worry too much about my portfolio, but rather invest in a broadly diversified portfolio worldwide. I have the $SPYI (+0,02%) in mind, an ETF for x years.

Does it make sense to sell the accumulating ETFs? I'm thinking about selling the distributing $VHYL (-0,05%) together with a few individual shares like $VOW (-0,19%) and $PUM (+0,05%) to sell.

#etfs
#personalstrategy
#dividends
#stockanalysis
#portfoliofeedback

$PUM (+0,05%) Do you think it's a good time to start?