On Holding price target raised to $41 from $40 at Stifel

Stifel raised the firm’s price target on On Holding to $41 from $40 and keeps a Buy rating on the shares after the company reported Q1 results. The firm said the report was an “encouraging start” to 2024 ahead of “key” summer moments. Stifel added that it is reaffirming its positive stance on the shares given strong global consumer momentum, de-risked inventory, brand-building catalysts around the Paris Olympics, and potential conservatism in guidance.