Amer Sports price target raised to $28 from $25 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on Amer Sports (AS) to $28 from $25 and keeps an Equal Weight rating on the shares. The firm says Amer Sports delivered a solid print with no real holes. Q1 noise was shrugged off as the company revenue trajectory remains industry leading. Wells says it applauds Amer Sports, but remains sidelined on valuation.