Wells Fargo raised the firm’s price target on Amer Sports (AS) to $25 from $24 and keeps an Equal Weight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.
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Read More on AS:
- Amer Sports Holds Annual General Meeting, Approves Key Resolutions
- Amer Sports price target lowered to $32 from $38 at Bernstein
- Amer Sports price target lowered to $24 from $28 at Wells Fargo
- Amer Sports price target lowered to $30 from $36 at Citi
- Amer Sports price target lowered to $28 from $33 at Goldman Sachs