UBS Reiterates Buy Rating on Amer Sports Inc. (AS)

UBS analyst Jay Sole reiterated a Buy rating and $50.00 price target on Amer Sports Inc. (NYSE: AS).

The analyst commented, "Our analyses indicate Amer's key brands, Arc'teryx and Salomon, have maintained robust sales momentum. As such, we forecast a beat & raise report. We believe this type of report will match market expectations. However, Softlines 2Q earnings season has revealed "bars" have been very high and often higher than expected. Thus, we see risk the bar for the report is higher than we realize. This keeps us seeing a balanced upside/downside skew over the event. The options market is pricing a +/-10.0% jump over earnings vs. an 8.4% historical avg. move. We expect less vol than +/-10.0%."

For an analyst ratings summary and ratings history on Amer Sports Inc. click here. For more ratings news on Amer Sports Inc. click here.

Shares of Amer Sports Inc. closed at $37.20 yesterday.

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