Morgan Stanley Reiterates Overweight on On Holding, Maintains $34 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton has reiterated an Overweight rating on On Holding (NYSE:ONON) and maintained a $34 price target.
July 24, 2023 | 1:32 pm
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Morgan Stanley has reiterated an Overweight rating on On Holding and maintained a $34 price target.
The reiteration of an Overweight rating by Morgan Stanley indicates a positive outlook for On Holding. The maintained price target of $34 suggests that the analyst believes the stock is still undervalued at current levels. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100