In a report released today, Molly Wylenzek from Jefferies reiterated a Buy rating on Puig Brands, S.A. (PUIG – Research Report), with a price target of €26.00.
Molly Wylenzek’s rating is based on the impressive sales performance of Puig Brands, S.A. in the third quarter, which showed a like-for-like growth of 11.6%. This strong performance has prompted an increase in the company’s forecasts for the fiscal years 2024 and 2025 by approximately 1%.
Additionally, the expected organic sales growth for FY24 has been upgraded by 80 basis points. Consequently, the price target for Puig’s stock has been adjusted to €26, reflecting confidence in the company’s continued strong performance. These factors collectively justify the Buy rating.
According to TipRanks, Wylenzek is ranked #3866 out of 9129 analysts.
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Puig Brands, S.A. (PUIG) Company Description:
