On Holding price target raised to $33 from $31 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on On Holding to $33 from $31 and keeps an Outperform rating on the shares. The analyst raised his estimates following another strong quarter with higher confidence its current brand momentum can offset potential macro headwinds. While valuation may remain a pushback in a tough market, shares look attractive relative to On Holding’s multi-year growth potential.