Baird raised the firm’s price target on On Holding to $46 from $38 and keeps an Outperform rating on the shares. Despite investor anxiety ahead of the Q1 print, On Holding topped revenue and adjusted EBITDA estimates and “confidently” reiterated 2024 guidance for revenue and adjusted EBITDA, the analyst tells investors in a research note. The firm said it is a buyer of strength for On.
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