UBS Reiterates Buy Rating on Amer Sports Inc. (AS)
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Rating Summary:
18 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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UBS analyst Jay Sole reiterated a Buy rating and $52.00 price target on Amer Sports Inc. (NYSE: AS).
The analyst commented, "We remain bullish on Amer's Arc'teryx and Salomon brands’ growth potential. We believe the market underappreciates the strength of Amer’s business model and how well it is positioned in China. Plus, we think Amer is still in the early innings of unlocking its US growth opportunities. We have more conviction in our Buy thesis after meetings with management. We forecast AS delivering a 31% 5-yr. EPS CAGR, but now see more upside potential than we previously thought. We believe this type of growth and upside/downside skew justify the 40x P/E we use in our valuation. We expect EPS surprises over the NTM support a premium valuation and catalyze AS' stock towards our PT."
For an analyst ratings summary and ratings history on Amer Sports Inc. click here. For more ratings news on Amer Sports Inc. click here.
Shares of Amer Sports Inc. closed at $37.20 yesterday.
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