Wells Fargo analyst Ike Boruchow raised the firm’s price target on Amer Sports (AS) to $20 from $19 and keeps an Equal Weight rating on the shares. The firm notes the company delivered a strong Q3 print, with momentum across the portfolio driving upside. Arc/China remain the standouts, while BR/EMEA + U.S. are improving, Wells adds. The firm remains sidelined on valuation.
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