TD Cowen analyst John Kernan has maintained their bullish stance on AS stock, giving a Buy rating on May 5.
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John Kernan has given his Buy rating due to a combination of factors that highlight Amer Sports, Inc.’s strong market position and growth potential. The company’s brands, particularly Arc’teryx and Salomon, are outperforming their peers through innovation and direct-to-consumer engagement, which is driving significant sales growth. Despite the challenges posed by tariffs, Amer Sports’ diversified sourcing and strong pricing power provide a competitive edge.
Furthermore, Kernan notes the positive momentum in the company’s sales and earnings projections, with Q1 estimates being raised due to strong performance in key segments like Technical Apparel and Outdoor Performance. The growth in digital traffic and brand awareness for Arc’teryx and Salomon supports this optimistic outlook, as both brands show accelerated growth in unique visitors and search trends. The focus on product development, particularly in footwear and outerwear, along with the expansion of Salomon’s softgoods, positions Amer Sports for continued success.
Kernan covers the Consumer Cyclical sector, focusing on stocks such as TJX Companies, On Holding AG, and Columbia Sportswear. According to TipRanks, Kernan has an average return of 10.4% and a 56.51% success rate on recommended stocks.
In another report released on May 5, Bernstein also maintained a Buy rating on the stock with a $32.00 price target.