BofA raised the firm’s price target on On Holding (ONON) to $63 from $62 and keeps a Buy rating on the shares. Recent weakness pointed to a series of concerns on On’s equity story, which were largely addressed by the Q3 showing, the analyst tells investors. Following the report, the firm keeps its above-consensus revenue estimates broadly unchanged, but raised its adjusted EBITDA estimates by 9%-12% for FY25-27.
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