Baird raised the firm’s price target on On Holding (ONON) to $63 from $55 and keeps an Outperform rating on the shares. The firm said Q3 results topped consensus and met recent high expectations, and the drivers of the upside, especially the strong sequential global DTC acceleration and gross margin upside, highlight very positive implications from ongoing brand awareness increases and premium innovation.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio