Stifel lowered the firm’s price target on On Holding (ONON) to $60 from $66 and keeps a Buy rating on the shares. The Q3 beat and partial pass-through to FY25 guidance is coupled with upgraded multi-year targets following strong outperformance since the October 2023 investor day, the analyst tells investors in a research note. While positive on fundamentals, the firm cut its price target to reflect current market conditions.
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