Amer Sports price target raised to $30 from $24 at Baird

Baird raised the firm’s price target on Amer Sports (AS) to $30 from $24 and keeps an Outperform rating on the shares. The firm raised its raising F2025E EPS to reflect the company’s recent accretive primary equity raise which is expected to lower debt, and yield roguhly $50M+ annual interest savings.