Analyst: Puma fits well with Anta's globalization strategy.

LBBW analyst Thomas Hofmann stated in a research report that Chinese company Anta Sports is expected to continue increasing its stake in Puma in the future, as the German company fits well with the global strategy of the sportswear company. Anta Sports has agreed to acquire a 29.06% stake in Puma from the Pinault family. The analyst mentioned that Puma is one of the leading global sports equipment manufacturers, benefiting from trends such as increased health consciousness. However, significant declines in sales and tariff policies are putting pressure on the business. He stated, "Management is taking a comprehensive package of measures, with its primary goal being to enhance brand attractiveness." LBBW has upgraded its rating on the stock from hold to buy and raised its target price from 20 euros to 35 euros. Puma's stock price rose by 8.7% to 23.52 euros.