UBS analyst Jay Sole raised the firm’s price target on Amer Sports (AS) to $52 from $50 and keeps a Buy rating on the shares. Amer’s Q2 beat and raise report reinforced the view that its Arc’teryx and Salomon brands have strong growth opportunities, the analyst tells investors in a research note. The market underappreciates the strength of Arc’teryx’s business model and how well positioned the company is in China, UBS says.
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