On Announces Fourth Quarter and Full Year Results, and the Filing of its Annual Report on Form 20-F for 2023
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March 13, 2024 6:26 AM EDT
JPMorgan analyst Olivia Townsend lowered the price target on On Holding AG (NYSE: ONON) to $34.00 (from $35.00) while maintaining a Overweight rating.
The analyst comments "While the stock is always volatile, we see the 9% sell-off yesterday as overdone for a few reasons including: 1) We do not anticipate... More
March 13, 2024 4:10 AM EDT
Evercore ISI analyst Michael Binetti lowered the price target on On Holding AG (NYSE: ONON) to $37.00 (from $40.00) while maintaining a Outperform rating.
The analyst comments "Bottom Line: While ONON offered reassurances in January that 4Q promos were contained, we were disappointed that 4Q... More
March 12, 2024 4:25 PM EDT
TD Cowen analyst John Kernan raised the price target on On Holding AG (NYSE: ONON) to $36.00 (from $35.00) while maintaining a Outperform rating.
The analyst comments "Q4 Americas sales +19% y/y (+29% ex-FX) was a deceleration vs Q3 and 600bps below our estimate. That,... More
March 12, 2024 6:20 AM EDT
On Holding (NYSE: ONON) saw its share price plummet more than 9% in premarket trading Tuesday after the footwear and sports apparel company posted Q4 net sales below analyst estimates.
Specifically, net sales in the quarter came in at CHF 447.1 million, below the projected CHF 451.8 million.
However, the company outperformed... More
