Amer Sports price target raised to $45 from $40 at JPMorgan

JPMorgan analyst Matthew Boss raised the firm’s price target on Amer Sports (AS) to $45 from $40 and keeps an Overweight rating on the shares. The company reported a “high-quality beat and raise” Q1 across all three of its segments, the analyst tells investors in a research note. The firm says Amer’s revenue upside was driven by broad-based portfolio momentum. The stock remains a focus list pick at JPMorgan.