Bernstein raised the firm’s price target on Amer Sports (AS) to $46 from $43 and keeps an Outperform rating on the shares. Amer Sports delivered strong Q2 results that exceeded guidance across revenue, margins, and earnings, prompting management to raise their full-year guidance for the second time this year, the analyst tells investors in a research note. Salomon has firmly established itself as a second growth engine for Amer Sports alongside Arc’teryx, the firm says.
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Read More on AS:
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