HSBC Initiates Coverage On On Holding with Hold Rating, Announces Price Target of $52
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Akshay Gupta has initiated coverage on On Holding (NYSE:ONON) with a Hold rating and set a price target of $52.
September 05, 2024 | 9:56 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
HSBC has initiated coverage on On Holding with a Hold rating and a price target of $52, indicating a neutral stance on the stock.
The Hold rating suggests that HSBC does not expect significant short-term movement in On Holding's stock price. The price target of $52 provides a benchmark for investors, indicating that the stock is fairly valued at current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100