On Holding price target raised to $66 from $65 at TD Cowen

TD Cowen raised the firm’s price target on On Holding to $66 from $65 and keeps a Buy rating on the shares. TD’s 2025 outlook on softlines retail is “constructive with narratives of momentum and turnaround opportunities,” the analyst tells investors in a research note. Heading into 2025, the firm views Amer Sports (AS), Burlington Stores (BURL), Deckers Outdoor (DECK), Dick’s Sporting (DKS), Lululemon (LULU), On Holding (ONON), Skechers (SKX), and Ralph Lauren (RL) as best positioned relative to consensus estimates and investor sentiment.