Bank of America Boosts Amer Sports (NYSE:AS) Price Target to $19.00

Amer Sports (NYSE:ASFree Report) had its price target lifted by Bank of America from $18.00 to $19.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on AS. HSBC started coverage on Amer Sports in a research report on Monday, February 26th. They set a hold rating and a $16.00 price target for the company. TD Cowen started coverage on Amer Sports in a report on Monday, February 26th. They issued an outperform rating and a $18.00 price objective for the company. Morgan Stanley started coverage on Amer Sports in a report on Monday, February 26th. They issued an equal weight rating and a $16.00 price objective for the company. Evercore ISI started coverage on Amer Sports in a report on Monday, February 26th. They issued an outperform rating and a $21.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on Amer Sports in a report on Monday, February 26th. They issued an overweight rating and a $19.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Amer Sports presently has a consensus rating of Moderate Buy and an average target price of $19.18.

View Our Latest Analysis on Amer Sports

Amer Sports Stock Down 7.8 %

Shares of AS opened at $15.16 on Wednesday. Amer Sports has a one year low of $13.10 and a one year high of $18.23.

Amer Sports (NYSE:ASGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Research analysts forecast that Amer Sports will post -0.23 EPS for the current fiscal year.

About Amer Sports

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Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. The company operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

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