On Holding AG (ONON) PT Raised to $66 at TD Cowen

TD Cowen analyst John Kernan raised the price target on On Holding AG (NYSE: ONON) to $66.00 (from $65.00) while maintaining a Buy rating.

The analyst said: "We include our most recent proprietary survey work on the Athletic Footwear and Apparel group which details a multi-year times series of brand preference across Running, Casual and Basketball - with the biggest yr/yr gains from HOKA and ONON among the total population.

We see ONON, DECK, SKX being able to satisfy investor expectations with initial FY1 guidance for EPS growth of +22%, +16% and +15% respectively following FY:Q4 results."

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