On Holding's 3Q Results Could Boost Sentiment Around The Stock -- Market Talk

Dow Jones01:13

1213 ET - On Holding is set to post higher-than-expected sales in its 3Q results expected next week, UBS analysts say in a research note. They also forecast a raise to its full-year sales outlook, excluding foreign exchange rates; however, they say it is possible the company's full-year outlook including foreign exchange negatively surprises investors. Still, analysts point to the company's growing direct-to-consumer sales and the fact it is "taking big market share from Nike," as signs sentiment around the brand is improving. UBS maintains its buy rating and raises its price target 11% to $61. (connor.hart@wsj.com)

(END) Dow Jones Newswires

November 04, 2024 12:13 ET (17:13 GMT)

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