Morgan Stanley raised the firm’s price target on Amer Sports (AS) to $33 from $28 and keeps an Equal Weight rating on the shares. An across-the-board Q1 beat and fiscal year guidance raise was “impressive,” but “stand-out growth,” margin expansion potential, minimal tariff risk, and potential FY25 EPS upside already appear priced into the stock, the analyst tells investors.
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Read More on AS:
- Amer Sports price target raised to $43 from $32 at Bernstein
- Amer Sports, Inc.: A Compelling Growth Story with Strong Brand Performance and Strategic Resilience
- Amer Sports price target raised to $35 from $25 at Wells Fargo
- Amer Sports price target raised to $42 from $30 at Citi
- Amer Sports price target raised to $50 from $37 at UBS