Amer Sports price target raised to $45 from $40 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on Amer Sports (AS) to $45 from $40 and keeps an Overweight rating on the shares. Wells notes that while it continues to see a winners/losers setup, bigger picture, the firm leans more positive on the space entering 2026 due to better-than-feared early holiday reads, benefits from tax reform, and optionality on tariff repeal/refund.