Bank of America Securities analyst Lorraine Hutchinson has maintained their bullish stance on AS stock, giving a Buy rating on March 3.
Lorraine Hutchinson’s rating is based on the promising growth prospects and strong brand positioning of Amer Sports, Inc. The company is expected to continue gaining market share with its premium brands like Arc’teryx, Salomon, and Wilson, which are anticipated to deliver exceptional growth. The management’s positive outlook on consumer health in key markets such as the US and China, coupled with the resilience of the outdoor categories, supports this optimistic view.
Furthermore, the company’s limited exposure to US tariffs and its pricing power enhance its competitive edge. Amer Sports is also planning significant expansion, with a focus on increasing its store count globally, particularly in North America and China. The Salomon footwear brand is gaining traction, especially in China, and is expected to grow its presence in the US. Additionally, the strong performance of Arc’teryx stores in China, with high margins and sales, highlights the region’s potential as a key growth driver.
In another report released on March 3, J.P. Morgan also maintained a Buy rating on the stock with a $40.00 price target.