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UBS analyst Jay Sole has raised the price target for Amer Sports from $27 to $37, maintaining a Buy rating. The firm is optimistic about the growth potential of the Arc’teryx brand and Amer's prospects in China, citing strong fundamentals and a recent debt reduction as key factors for expected EPS growth. UBS forecasts a 33% compound annual growth rate for EPS over the next four years.
UBS analyst Jay Sole has raised the price target for Amer Sports from $27 to $37, maintaining a Buy rating. The firm is optimistic about the growth potential of the Arc’teryx brand and Amer's prospects in China, citing strong fundamentals and a recent debt reduction as key factors for expected EPS growth. UBS forecasts a 33% compound annual growth rate for EPS over the next four years.
Amer Sports, Inc., a Finland-based global group, encompasses renowned sports and outdoor brands such as Arcteryx, Salomon, and Wilson. The company specializes in developing, manufacturing, and distributing a wide range of sports and fitness equipment, catering to various activities including tennis, skiing, and cycling. With a worldwide operational footprint, Amer Sports serves retail customers through sporting goods chains, wholesalers, and e-commerce platforms.
Amer Sports, Inc., a Finland-based global group, encompasses renowned sports and outdoor brands such as Arcteryx, Salomon, and Wilson. The company specializes in developing, manufacturing, and distributing a wide range of sports and fitness equipment, catering to various activities including tennis, skiing, and cycling. Operating worldwide, Amer Sports serves retail customers through sporting goods chains, wholesalers, and e-commerce platforms.
Amer Sports Inc. reported third-quarter earnings of $1.35 billion, exceeding analysts" expectations of $1.3 billion, indicating strong performance driven by the Chinese market. Direct-to-consumer revenue reached $480 million, surpassing the consensus estimate of $440.6 million.
Amer Sports operates in three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports. Analysts have given the stock a "Moderate Buy" rating, with price targets ranging from $19.00 to $24.00, indicating potential upside. The company reported a revenue increase of 16% year-over-year, with a quarterly EPS of $0.05, surpassing expectations.
UBS has issued a "Buy" valuation for Amer Sports, Inc., indicating a positive outlook for the company's performance in the market. This recommendation reflects confidence in Amer Sports' potential for growth and profitability.
Amer Sports, Inc. is a Finland-based global group that encompasses a variety of sports and outdoor brands, including Arcteryx, Salomon, and Wilson. The company specializes in the development, manufacturing, and distribution of sports and fitness equipment across multiple disciplines, operating worldwide through various retail channels.
Amer Sports, Inc.
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