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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AS:
- Amer Sports price target raised to $54 from $52 at UBS
- Amer Sports, Inc.: A Compelling Buy Amid Robust Growth and Market Confidence
- Amer Sports, Inc.: Strong Performance and Growth Potential Justify Buy Rating
- Amer Sports, Inc.: Hold Rating Amid Strong Performance and Valuation Constraints
- Amer Sports, Inc.: Strong Financial Performance and Promising Growth Prospects Drive Buy Rating