PUIG : H1 results that seem in line with expectations overall but which create a major disappointment in make-up
>Outperform rating maintained after a chaotic start - Outperform rating maintained with a target price adjusted to € 26.1. Despite a chaotic first results publication, which was largely punished by the market (-14% on Friday), PUIG retains its growth potential and also its re-rating potential based on a P/E 2025e now close to 20x. The organic growth of 8.2% in H1 points this way despite the undeniable disappointment in make-up that could have been partly avoided wit...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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