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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONON:
- On Holding price target raised to $65 from $60 at Truist
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!
- Midday Fly By: AMD sees acceleration, IBM unveils quantum processor
- On Holding rises 18.8%
- On Holding AG: Strong Growth and Operational Efficiency Justify Buy Rating Despite Price Target Adjustment