1155 GMT - Pandora has growth opportunities ahead, but needs to address margin headwinds, Deutsche Bank analysts write in a note. The Danish jeweler has room to grow in the U.S., where it has gained momentum, and also in lesser developed markets, they say. "We are encouraged by new product innovation recently launched," they add. Furthermore, DB views the appointment of Berta de Pablos-Barbier--who has a brand and marketing based background--as new CEO positively. The core consumer of Pandora's charm bracelets is mainly aesthetically driven, so product design and brand marketing are important, DB says. In order to tackle silver prices, which could be a substantial margin headwind in 2027, the company could incorporate some stainless steel in its metal mix, DB adds. Shares fall 0.7%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

October 09, 2025 07:52 ET (11:52 GMT)

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