TD Cowen analyst John Kernan raised the firm’s price target on On Holding (ONON) to $60 from $58 and keeps a Buy rating on the shares. The firm said their target increase reflects Q3 upside to sales and EBITDA. Constructive commentary on Q4 top-line run rate, full price sell through and the innovation pipeline give the firm increased confidence in its 30%+ growth potential in FY25E.
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