On Holding price target raised to $37 from $33 at Piper Sandler

Piper Sandler raised the firm’s price target on On Holding to $37 from $33 and keeps an Overweight rating on the shares. Disney World footwear check points to particularly strong consumer adoption of New Balance, On Running, Skechers, and Crocs, the analyst tells investors in a research note. The firm says On’s share among Disney guests highlights the company’s lifestyle opportunity, while run store checks underpin increasing credibility in performance. Piper is encouraged by strength within both the company’s performance and lifestyle businesses.