Bernstein re-initiated coverage of Amer Sports (AS) with an Outperform rating and $38 price target The firm re-initiated coverage on the China consumer sector with a cautious view on consumption. Amer stands out as the firm’s sole positive conviction with a projected 68% earnings growth annually through 2026, driven by its premium positioning and margin expansion.
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Read More on AS:
- Amer Sports price target raised to $27 from $19 at Morgan Stanley
- Amer Sports price target raised to $33 from $30 at BofA
- Amer Sports Forecasts Strong 2024 Financial Performance
- Amer Sports sees FY24 revenue growth at ‘high end’ of 16%-17% range
- Amer Sports price target raised to $33 from $29 at TD Cowen