Wells Fargo analyst Ike Boruchow raised the firm’s price target on Amer Sports (AS) to $38 from $35 and keeps an Equal Weight rating on the shares. Momentum remains high, the firm says. At last week’s Analyst Day, Amer Sports provided strategic plans across product, geos and channels – issuing a new 5-year plan while notably maintaining their prior growth algo despite a now larger base, Wells adds.
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