HSBC downgraded Amer Sports (AS) to Hold from Buy with a price target of $30, up from $21. While the company’s momentum is stronger and fundamentals have improved, “investors’ positioning has also turned favourable, implying that the hurdle to impress is likely higher from here,” the analyst tells investors.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks