Goldman Sachs analyst Richard Edwards lowered the firm’s price target on On Holding (ONON) to $56 from $58.50 and keeps a Buy rating on the shares. The company’s Q4 results highlighted the brands ongoing momentum with constant FX sales up 30.6% y/y as the company continued to capitalize on its unique position as the most premium sportswear brand in the market against the backdrop of supportive shifting consumer preferences towards health and wellness, the analyst tells investors in a research note.
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