As previously reported, Wells Fargo analyst Ike Boruchow upgraded Amer Sports (AS) to Overweight from Equal Weight with a price target of $40, up from $38. The firm would be a buyer on weakness. With Amer Sports shares down 20% this past month, Wells says it would take advantage of the selloff following diligence/expert checks in China that point to little-to-no concern both near- and long-term over recent Arc social media backlash.
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