JPMorgan raised the firm’s price target on Amer Sports (AS) to $40 from $34 and keeps an Overweight rating on the shares. The firm also added Amer to its Analyst Focus List after meeting with management. The company is in the “early innings” of its “multi-pronged” growth portfolio, the analyst tells investors in a research note. JPMorgan sees 20% annual revenue growth through fiscal 2028 for Amer.
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Read More on AS:
- Amer Sports Reports Record Sales and Positive Outlook
- Amer Sports price target raised to $34 from $30 at Baird
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- Amer Sports, Inc.: Strong Growth Prospects and Strategic Market Positioning Justify Buy Rating
- Amer Sports price target raised to $28 from $25 at Wells Fargo