Wells Fargo analyst Ike Boruchow raised the firm’s price target on Amer Sports (AS) to $35 from $25 and keeps an Equal Weight rating on the shares. The firm notes the company posted yet another material beat in Q1-with upside across all brands and metrics. While valuation is a sticking point, in such a dynamic macro, it’s hard to poke any holes in the story today, Wells argues.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AS: