ONON Needham raised the firm's price target on On Holding to $40 from $37 and keeps a Buy rating on the shares. Amid a challenging athleticwear environment, On provided a compelling multi-year roadmap, with 3-year financial targets that exceeded Street expectations, the analyst tells investors in a research note. The management seems to have threaded the needle nicely and offered an outlook that is both bullish and believable, the firm added.
ONON Needham raised the firm's price target on On Holding to $40 from $37 and keeps a Buy rating on the shares. Amid a challenging athleticwear environment, On provided a compelling multi-year roadmap, with 3-year financial targets that exceeded Street expectations, the analyst tells investors in a research note. The m