Bernstein Downgrades Amer Sports to Market Perform, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Melinda Hu downgraded Amer Sports (NYSE:AS) from Outperform to Market Perform and reduced the price target from $18.5 to $16.
April 08, 2024 | 11:57 am
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Amer Sports downgraded by Bernstein from Outperform to Market Perform with a price target reduction from $18.5 to $16.
The downgrade by a prominent analyst and the reduction in price target are likely to negatively impact investor sentiment towards Amer Sports in the short term, potentially leading to a decrease in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100