Amer Sports price target raised to $42 from $35 at BofA

BofA raised the firm’s price target on Amer Sports (AS) to $42 from $35 and keeps a Buy rating on the shares after the company reported Q1 EPS that beat the firm’s and Visible Alpha consensus estimates due to better sales and margins across all brands. The firm, which expects Amer Sports’ brands to continue to gain share and deliver best-in-class growth, increased its 2025 and 2026 EPS estimates by 4.5% and 3.7% to 72c and 87c, respectively.