On Holding price target lowered to $60 from $68 at KeyBanc

KeyBanc lowered the firm’s price target on On Holding (ONON) to $60 from $68 due to recent price reversions in the space, while keeping an Overweight rating on the shares. Strong holiday results and further momentum into the initial months of 2025 will bode well for On Holding, in the firm’s view, and results through the year should be supported further via newness and growing consumer awareness.