On this episode of Stock Movers:
- Puma shares surge as much as 14%, the most in two months, as Chinese sports apparel company Anta Sports Products is among firms exploring a potential takeover, Bloomberg reported. Square Global Markets says Anta Sports is best placed among potential bidders for an offer.
- Remy Cointreau shares rise 3.6% in Tradegate activity after the French spirits maker reported better-than-feared sales growth in the first half. Jefferies notes that expectations of flat growth in the second half set the stage for the stock’s stabilization, after a year of losses and a guidance cut last month.
- Deutsche Boerse shares rise as much as 3.5% after JPMorgan upgraded the German exchange operator to overweight from neutral, with analysts saying the current valuation of the shares fails to reflect the quality and diversification of the business.