UBS has increased its price target for Amer Sports (AS) to $37 from $27, while keeping a Buy rating on the shares.

Analyst Jay Sole is positive about the growth potential of the Arc’teryx brand and Amer's expansion prospects in China.

The firm emphasized the company's strong fundamentals and mentioned that a recent follow-on transaction aimed at reducing its debt has strengthened the belief that Amer has multiple avenues to achieve significant earnings per share (EPS) growth.

UBS expects positive EPS surprises in the upcoming quarters and forecasts a robust 33% compound annual growth rate for EPS over the next four years.

This optimistic outlook reflects confidence in Amer Sports' ability to take advantage of market opportunities and create value for shareholders.