TD Cowen lowered the firm’s price target on On Holding (ONON) to $55 from $63 and keeps a Buy rating on the shares. The firm noted the company is now valued at an increasing premium to U.S. listed SMID cap peers in footwear with the competitive environment remaining intense but a sector valuation de-rating takes the multiple lower.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONON:
- On Holding AG: Strong Market Position and Growth Potential Justify Buy Rating Despite Sector Valuation Adjustments
- On Holding price target lowered to $62 from $73 at BofA
- Optimistic Growth Potential for On Holding AG in US Wholesale Market
- Strong Growth Prospects and Strategic Diversification Drive Buy Rating for On Holding AG
- ‘Time to Buy Again,’ Says RBC as It Upgrades Nike (NKE) Stock Ahead of Q1