BofA reinstated coverage of On Holding (ONON) with a Buy rating and $73 price target The firm believes brand momentum, retail integration, diversification potential, superior pricing power, innovative initiatives and high investments can drive market share gains, the analyst tells investors. The firm expects On to rise from 2% of the listed group of sportswear brands sales in 2024 to 3%-4% in 2030, the analyst added.
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