BofA raised the firm’s price target on On Holding to $21 from $20.40 and keeps an Underperform rating on the shares. The company’s Q3 adjusted EBITDA reflected solid momentum as growth across channels was better than expected, and On Holding generated the first positive free cash flow quarter since 2021, but the implied Q4 guidance looked light compared to consensus, the analyst tells investors in a research note.
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Read More on ONON:
- On Holding price target lowered to $37 from $40 at Telsey Advisory
- On Holding price target lowered to $37 from $38 at Evercore ISI
- On Holding Stock (NYSE:ONON) Declines Despite Strong Q3 Results
- On Holding price target raised to $35 from $33 at Baird
- On Holding price target lowered to $40 from $42 at KeyBanc