Citi opened a “30-day positive catalyst watch” on shares of Amer Sports ahead of the company’s Q2 report on August 20. The firm anticipates a sales and earnings beat driven by stronger than consensus Arc’teryx growth. The analyst believes strong momentum in Arc continued in Q2 despite fears of a weakening global macro backdrop. Citi expects Amer to raise its 2024 earnings guidance on stronger Arc growth and believes the stock’s risk/reward is favorable into the Q2 print.
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