Puig Brands Has Clear Growth Opportunities Ahead — Market Talk

About this update from Puig Brands, S.a. Class B

Puig Brands has growth opportunities despite the termination of discussions with Estee Lauder regarding a potential merger, Bank of America Global Research analysts say in a note. The Barcelona-based company should be able to report revenue growth and outperform the prestige beauty category, they say. This should be driven by an expansion of the Charlotte Tilbury brand, fragrance growth in China, and market share gains in skincare, the analysts add. "We continue to believe that Puig could be seen as an attractive asset considering the shares' low valuation at the moment." Although Puig has made no comment to suggest such a possibility, the company could look into another potential combination that could lead to better value for the company, they add. Shares are up 4.1%. ([email protected])

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