Telsey Advisory Group Maintains Outperform Rating for On Holding: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Telsey Advisory Group has maintained its Outperform rating for On Holding AG (NYSE:ONON) but reduced its price target from $40.00 to $37.00. Despite the lower price target, the new target suggests a significant upside of 42.03% from the current price of $26.05. On Holding, a premium performance sports brand, does not manufacture its products but relies on third-party suppliers and contract manufacturers, with most of its revenue coming from North America.
November 15, 2023 | 5:00 pm
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Telsey Advisory Group maintains Outperform rating on On Holding AG but lowers price target to $37, indicating a potential 42.03% increase from the current price.
The maintenance of an Outperform rating by Telsey Advisory Group suggests a positive outlook on On Holding's stock, which could instill investor confidence and drive short-term buying interest. The reduction in the price target might be seen as a conservative adjustment, but the new target still represents a substantial upside from the current trading price. This could lead to increased investor interest and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100