In a report released today, Lorraine Hutchinson from Bank of America Securities reiterated a Buy rating on Amer Sports, Inc., with a price target of $45.00.
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Lorraine Hutchinson’s rating is based on Amer Sports, Inc.’s impressive performance across various segments and its potential for continued growth. The company reported a significant earnings per share (EPS) beat in the second quarter, surpassing both Bank of America’s and consensus estimates. This was driven by strong sales and improved margins across its brands, leading to an increase in the full-year revenue guidance from 15-17% to 20-21%.
Furthermore, the Outdoor Performance segment, particularly Salomon footwear, showed remarkable revenue growth, and the management has raised sales guidance to reflect this momentum. Arc’teryx, another key brand, has maintained strong growth, particularly in the Technical Apparel category, and is expected to benefit from strategic retail optimizations and its role as a title sponsor for the 2026 Winter Olympics. These factors, combined with better-than-expected gross and operating margins, support the Buy rating and a price objective of $45.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $44.00 price target.