Barclays lowered the firm’s price target on On Holding (ONON) to $60 from $69 and keeps an Overweight rating on the shares post the Q3 report. The company “delivered outsized” sales growth and margin expansion, the analyst tells investors in a research note. The firm says On’s momentum is strong in the Americas region thus far in Q4, with the growth rate expected to maintain or accelerate relative to Q3.
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