On Holding AG

NYSE:ONONLes États-Unis

mai 15, 2024

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• DJ On Holding's Inventory Position, Guidance Should Lift Investor Sentiment -- Market Talk, from le mercredi 15 mai 2024 à 2 h 07 PM HE par Dow Jones

  le mercredi 15 mai 2024 à 2 h 07 PM HE par Dow Jones
  Entreprises mentionnées: ONON
  
  1407 ET - UBS says On Holding's 1Q results showing inventory falling 21% "indicates much better inventory control than the market likely expected," according to analysts in a research note. The Swiss shoemaker also delivered "solid 1Q sales and Ebitda beats," the analysts say, noting that they expect the sell-side to raise FY24 estimates by a small amount. While 1Q results likely triggered an improvement in overall sentiment, the analysts say that on the downside the company failed to raise its FY24 revenue guidance, excluding foreign-exchange rates. "However, given ONON is on track to deliver more growth than essentially any other public athletic wear company this year, we don't believe the sales guide reiteration will hurt sentiment." (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• Telsey Advisor Adjusts Price Target on On Holding AG to $40 From $37, Maintains Outperform Rating, from le mercredi 15 mai 2024 à 11 h 13 AM HE par MT Newswires

  le mercredi 15 mai 2024 à 11 h 13 AM HE par MT Newswires
  Entreprises mentionnées: ONON
  11:13 AM EDT, 05/15/2024 (MT Newswires) -- On Holding AG (ONON) has an average outperform rating and a price target range of $21.13 to $55.01, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research f...