On Holding price target raised to $69 from $61 at Truist

Truist analyst Joseph Civello raised the firm’s price target on On Holding (ONON) to $69 from $61 and keeps a Buy rating on the shares. The company reported a “very solid beat” with continued momentum as demand trends remain robust across regions, channels, and categories despite the choppy macro environment, the analyst tells investors in a research note. Truist maintains that On Holding is one of the best names in the footwear/apparel industry because its robust brand heat continues to drive demand higher.