Guggenheim lowered the firm’s price target on On Holding (ONON) to $51 from $59 and keeps a Buy rating on the shares. A top- and bottom-line beat in Q4 was overshadowed by below-Street guidance, notes the analyst, whose lower target reflects lower estimates.
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Read More on ONON:
- On Holding price target lowered to $55 from $63 at BofA
- Buy Rating on ONON Driven by Conservative Guidance, Outperformance, and Attractive Growth-Valuation Profile
- On Holding price target lowered to $57 from $60 at Barclays
- On Holding price target lowered to $56 from $58.50 at Goldman Sachs
- On Holding price target lowered to $58 from $60 at Stifel