BofA analyst Lorraine Hutchinson raised the firm’s price target on Amer Sports (AS) to $33 from $30 and keeps a Buy rating on the shares after the company announced that FY24 revenue growth and adjusted operating margin will both be at the high end of prior guidance, driven by growth across all segments and regions. Despite currency headwinds, the firm continues to view Amer as “one of the more compelling growth stories in our coverage,” the analyst tells investors.
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Read More on AS:
- Amer Sports Forecasts Strong 2024 Financial Performance
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