TD Cowen analyst John Kernan raised the firm’s price target on Amer Sports (AS) to $41 from $30 and keeps a Buy rating on the shares. The firm notes its estimates are above the high end of guidance on the strength of Arc’teryx and Salomon brands where guidance conservatively assumes a deceleration in trends into a strong 2H weighted product cycle, particularly in footwear.
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Read More on AS:
- Amer Sports price target raised to $33 from $28 at Morgan Stanley
- 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
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