Amer Sports, Inc. ( (AS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Amer Sports’ shares have caught investors’ attention due to positive developments in the company’s financial outlook. Despite facing challenges from unfavorable currency exchange rates, the company expects its 2024 revenue growth and adjusted operating margin to be at the high end of its previous guidance. This optimism is fueled by strong quarterly performances, strategic financial management, including the repayment of $1.2 billion in loans, and global expansion of its Arc’teryx and Salomon brands. These positive factors have led analysts to raise their price targets, showing confidence in Amer Sports’ financial health and growth prospects.
More about Amer Sports, Inc.
YTD Price Performance: 7.07%
Average Trading Volume: 2,867,215
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $16.88B
For further insights into AS stock on TipRanks’ Stock Analysis page.
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