On Holding price target raised to $38 from $33 at Wedbush

Wedbush raised the firm’s price target on On Holding to $38 from $33 and keeps an Outperform rating on the shares. Wedbush remains bullish, and believes the company had a strong Holiday season and remains one of the strongest- momentum brands under coverage. The firm thinks Q4 guidance will prove very conservative, resulting in FY24 guidance that will be at or above Street numbers, the analyst tells investors in a research note.