On Holding price target raised to $68 from $52 at Barclays

Barclays analyst Adrienne Yih raised the firm’s price target on On Holding (ONON) to $68 from $52 and keeps an Overweight rating on the shares. The company reported “yet another impressive quarter,” with Q1 constant currency sales growth of 40%, driven by broad-based strength, the analyst tells investors in a research note. The firm says On’s momentum has continued to build into Q1, with management calling April “the strongest month in the history of the company.”