On Holding price target raised to $34 from $30 at Truist

Truist raised the firm’s price target on On Holding to $34 from $30 and keeps a Hold rating on the shares. The firm cites the company’s Q1 revenue and EBITDA outperformance along with the management’s “very positive” commentary across the board, though it also remains cautious on it sees as a “high bar” for the rest of the year at the stock’s current valuation, the analyst tells investors in a research note. Truist adds that it sees risk-reward for On Holding as “balanced”.