Barclays initiated coverage of Amer Sports (AS) with an Overweight rating and $49 price target The firm views Amer as a “top-and-bottom line compounder” over a multi-year time horizon. It sees a “continued runway for growth” at both the company’s Arc’teryx and Salomon brands with upside opportunity to take market share in both the apparel and footwear industries as brand awareness grows.
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