Raymond James analyst Rick Patel lowered the firm’s price target on On Holding (ONON) to $55 from $66 and keeps an Outperform rating on the shares. Softlines and Digital Commerce names enter Q3 with rising revenue estimates, suggesting improving consumer momentum, the analyst tells investors in a research note. Tariff risk remains the key variable, as higher China tariffs could pressure margins, while FX shifts offer modest relief for Euro- and Pound-exposed companies, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ONON:
- On Holding AG put volume heavy and directionally bearish
- On Holding AG: Strong Market Position and Growth Potential Despite Competitive Concerns
- On Holding price target lowered to $55 from $63 at TD Cowen
- On Holding AG: Strong Market Position and Growth Potential Justify Buy Rating Despite Sector Valuation Adjustments
- On Holding price target lowered to $62 from $73 at BofA