Stifel analyst Peter McGoldrick lowered the firm’s price target on On Holding (ONON) to $58 from $60 and keeps a Buy rating on the shares following “strong” Q4 results. Stifel remains “compelled” by the share gain opportunity ahead for On Holding, emboldened by FY26 revenue outlook that the firm views as conservative. Brand momentum stands out against an athletic backdrop for which many brands are struggling to grow, Stifel told investors in a research note.
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