TD Cowen Maintains Outperform on On Holding, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Kernan maintains an Outperform rating on On Holding (NYSE:ONON) but lowers the price target from $38 to $35.
August 16, 2023 | 2:16 pm
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TD Cowen analyst maintains an Outperform rating on On Holding but lowers the price target from $38 to $35.
The news is directly about On Holding (ONON). The Outperform rating suggests that the analyst expects the stock to do better than the market average. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100