Paul Lejuez, an analyst from Citi, assigned the Buy rating on Amer Sports, Inc.. The associated price target is $50.00.
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Paul Lejuez has given his Buy rating due to a combination of factors that highlight Amer Sports, Inc.’s robust growth trajectory and favorable market conditions. The company demonstrated strong performance in the third quarter, with significant growth in brands like Salomon, Arc’teryx, and B&R, alongside impressive margin expansion. Management’s raised guidance for fiscal year 2025, despite conservative fourth-quarter sales projections, suggests confidence in continued brand momentum and potential demand upside.
Furthermore, the growth prospects for Salomon, particularly in expanding its presence in US national retail accounts, indicate another strong growth year ahead. The company’s multiple growth drivers across various brands, channels, and regions, coupled with favorable margin mix tailwinds, present a compelling case for further earnings revisions. Lejuez views the risk/reward profile as favorable, considering Amer Sports as one of the best growth stories in the retail sector.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $46.00 price target.