As previously reported, Nomura analyst Jizhou Dong upgraded Amer Sports (AS) to Buy from Neutral with a price target of $39.80, up from $38.30, after the company’s Q3 results beat expectations and FY25 guidance was raised. Amer’s share price has corrected by 18% since September 21, underperforming the Nasdaq by 18%, notes the analyst, who cites the company’s “less demanding valuation” in the firm’s upgrade.
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