Morgan Stanley analyst Alex Straton raised the firm’s price target on Amer Sports (AS) to $34 from $33 and keeps an Equal Weight rating on the shares. After “another mostly strong beat & raise quarter,” the firm argues that raised guidance “screens beat-able, but less so than in the past.” Growth and margin expansion potential, coupled with tariff insulation and positive earnings revision potential, “stand out,” but these positives appear priced in, the analyst tells investors.
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