Piper Sandler analyst Abbie Zvejnieks raised the firm’s price target on On Holding to $39 from $37 and keeps an Overweight rating on the shares after meeting with Britt Olsen, Chief Commercial Officer and previously GM of Americas at the company. Piper comes away more confident that On Holding is leading with fast yet informed innovation, relevant design, and premium positioning. The firm believes the company is taking a prudent approach to wholesale by selecting premium partners that authenticate the brand and have exposure to multi-generational consumer segments.
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