Williams Trading analyst Sam Poser raised the firm’s price target on On Holding (ONON) to $62 from $60 and keeps a Buy rating on the shares. The company’s Q4 results exceeded expectations with gross margin reaching a quarterly record of 62.1%, the analyst tells investors in a research note. The firm says On is one of the few brands is covers that consumers demand and will likely overcome a worsening macro environment. The company is positioned for challenging times, Williams contends. The firm upped estimates post the earnings report.
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