Amer Sports rises as Jefferies starts at 'buy'
AS•Amer Sports shares rose 1.41% to $28.77 premarket after Jefferies initiated coverage with a buy rating and a $42 price target, implying 48% upside to the stock’s last close.
1. Jefferies initiates coverage
Jefferies sees Salomon as a “compelling second engine of growth” and expects Arc’teryx growth to shift toward North America, EMEA and women’s products from China. Amer Sports raised its 2025 guidance four times and topped sales estimates in all 11 quarters since its IPO.
2. Analyst ratings
Twenty-four of 25 brokerages rate the stock buy or above, while one has a hold rating. The median price target is $46.92. The stock was down 24% year to date as of its last close.
