Amer Sports price target raised to $46 from $43 at Evercore ISI

Evercore ISI raised the firm’s price target on Amer Sports (AS) to $46 from $43 and keeps an Outperform rating on the shares. The company’s Q3 “showcases robust recovery and promising growth trajectories,” but the valuation still lags behind pre-China Fireworks incident levels despite an 8% stock uptick and the market reaction “remains muted,” the analyst tells investors. The market may need time to fully appreciate Arcteryx’s recovery, Salomon’s scaling plans, and Wilson’s “surprising strength,” but the long-term prospects remain bright, the analyst added.