HSBC Upgrades Puma to 'Buy' as Anta Sports Aids Growth Strategy
HSBC analysts upgraded Puma shares from 'hold' to 'buy', citing potential growth driven by Anta Sports' support, particularly in the Chinese market. Anta's stake of nearly 29% is expected to be finalized by late 2026 and could lead to significant improvements starting around mid-2027.
Topics: Anta Sports China market strategy DTC model HSBC analysts Puma