TD Cowen lowered the firm’s price target on On Holding (ONON) to $60 from $63 and keeps a Buy rating on the shares. The firm noted recent investor concerns on durability of the company’s growth, incremental FX changes and valuation. On’s growt trajectory and EBITDA margin commentary for 2H will likely reassure investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONON:
- On Holding downgraded to Outperform from Strong Buy at Raymond James
- Positive Outlook for On Holding AG: Buy Rating Supported by Growth Trajectory and Strategic Initiatives
- Unusually active option classes on open July 18th
- 3 Best Stocks to Buy Now, 7/2/2025, According to Top Analysts
- On Holding AG: Strong Brand and Growth Potential Justify Buy Rating Despite Minor Price Objective Adjustment