Barclays lowered the firm’s price target on On Holding (ONON) to $52 from $64 and keeps an Overweight rating on the shares. The firm’s Q1 promotion tracker for retailers shows sector-wide “flat” promos year-over-year. However, earnings risk in the second of the year is building as inventory dollars are growing, demand risk is rising, and price increases and margin pressure begin in June and July, the analyst tells investors in a research note.
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Read More on ONON:
- On Holding Ag Class A (ONON) Q1 Earnings Cheat Sheet
- On Holding price target lowered to $65 from $67 at Telsey Advisory
- On Holding price target raised to $55 from $50 at Needham
- On Holding AG: Strong Market Position and Growth Potential Justify Buy Rating and Price Target Increase
- On Holding price target lowered to $62 from $66 at Morgan Stanley