TD Cowen analyst John Kernan maintains $Amer Sports (AS.US)$ with a buy rating, and adjusts the target price from $29 to $33.
According to TipRanks data, the analyst has a success rate of 58.9% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Amer Sports (AS.US)$'s main analysts recently are as follows:
Following a recent equity offering, expectations were adjusted to account for the benefits of reduced debt, an enhanced balance sheet and better free cash flow, alongside a stronger conviction in the company's prospects for sustained growth. There's continued optimism regarding momentum in one of the company's well-known brands largely due to potential for opening new productive stores worldwide and expansion into new product categories. With an improving free cash flow, a healthier balance sheet, and consistent performance across all segments, there is a stronger belief in the company's long-range potential. The company is expected to deliver positive news next week at a major industry conference.
Looking ahead to 2025, the sentiment within the softlines retail sector is seen as constructive, characterized by ongoing momentum and potential turnaround opportunities. Amer Sports, along with other notable retailers like Burlington Stores, Deckers Outdoor, Dick's Sporting, Lululemon, On Holding, Skechers, and Ralph Lauren, are viewed as particularly well-positioned in terms of alignment with consensus estimates and prevailing investor sentiment.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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