Amer Sports Inc. (AS) PT Raised to $21 at TD Cowen
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Rating Summary:
21 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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TD Cowen analyst John Kernan raised the price target on Amer Sports Inc. (NYSE: AS) to $21.00 (from $17.00) while maintaining a Buy rating.
The analyst commented: "We met with management in Shanghai and the store experience, premium positioning of Arc'teryx, Salomon and Wilson is rising. Amer reached a $9B+ market cap (+80% from August lows) and now at 22x FY26E P/E and 14x EV/EBITDA. We maintain Buy rating as management's execution globally supports acceleration implied in 2H guidance for Arc'teryx and Salomon. Raising target to $21 (24x FY26 P/E)."
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