Stifel raised the firm’s price target on On Holding (ONON) to $66 from $57 and keeps a Buy rating on the shares. Fiscal Q1 “standout results further distinguish the company as the winner in the space,” says the analyst, who argues that shares have “earned their valuation premium.” Foreign exchange volatility is a headwind to reported results, but not underlying brand momentum, adds the analyst in a post-earnings note.
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