Evercore ISI Group Maintains Outperform on On Holding, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti has maintained an Outperform rating on On Holding (NYSE:ONON) but lowered the price target from $40 to $37.

March 13, 2024 | 1:40 pm
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Evercore ISI Group maintains an Outperform rating on On Holding but lowers the price target from $40 to $37.
The maintenance of an Outperform rating suggests a positive outlook on On Holding's performance, indicating confidence in the company's future growth potential. However, the reduction in the price target from $40 to $37 could reflect a slight adjustment in expectations regarding the company's valuation or near-term growth prospects. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100