Amer Sports price target raised to $19 from $17 at UBS

UBS raised the firm’s price target on Amer Sports to $19 from $17 and keeps a Buy rating on the shares. The firm remains bullish on Amer’s Arc’teryx brand’s growth potential as well as Amer’s growth potential in China, the analyst tells investors in a research note. UBS believes Amer has very strong fundamentals and is forecasting 18% sales growth over the near-term and a 32% 4-year. EPS compound annual growth rate.