Amer Sports, Inc. (AS) Misses Q1 EPS by 3c, Offers FY24 Guidance

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Amer Sports Inc. (AS) PT Lowered to $15 at Morgan Stanley

May 22, 2024 9:37 AM EDT

Morgan Stanley analyst Alex Straton lowered the price target on Amer Sports Inc. (NYSE: AS) to $15.00 (from $16.00) while maintaining a Equalweight rating.

The analyst comments "1Q beat was overshadowed by a disappointing 2Q guide & lack of flow thru to the FY guide,... More

UBS Reiterates Buy Rating on Amer Sports Inc. (AS)

May 22, 2024 5:52 AM EDT

UBS analyst Jay Sole reiterated a Buy rating and $23.00 price target on Amer Sports Inc. (NYSE: AS).

The analyst comments "We think sentiment could modestly weaken: We see several positives in Amer's report: 1) Amer raised its FY24 EPS guide; 2) Amer delivered solid Q1... More

JPMorgan Reiterates Overweight Rating on Amer Sports Inc. (AS)

May 22, 2024 5:43 AM EDT

JPMorgan analyst Matthew Boss reiterated an Overweight rating and $19.00 price target on Amer Sports Inc. (NYSE: AS)

The analyst comments "We rate Amer Sports Overweight. We view the combination of premium, market-shaping brands (including Arcteryx, Salomon, Wilson, Atomic and Peak Performance), managements business transformation... More

Wells Fargo Reiterates Rating on Amer Sports Inc. (AS)

May 22, 2024 5:14 AM EDT

Wells Fargo analyst Ike Boruchow reiterated a rating and $17.00 price target on Amer Sports Inc. (NYSE: AS).

The analyst comments "Thoughts on 1Q. While 1Q was solid (upside to revs/GMs/EPS) driven by another robust Q from Arc, there were... More