Amer Sports price target raised to $37 from $27 at UBS

UBS analyst Jay Sole raised the firm’s price target on Amer Sports (AS) to $37 from $27 and keeps a Buy rating on the shares. UBS remains bullish on the Arc’teryx brand’s growth potential as well as Amer’s growth potential in China, the analyst tells investors in a research note. The firm believes Amer’s fundamental’s remain strong, and its recent follow-on transaction to reduce its debt balance reinforced the view the company has multiple levers to drive strong EPS growth. UBS expects positive EPS surprises over the next couple quarters, and forecasts a 33% four-year EPS compound annual growth rate.