Wells Fargo Remains a Buy on Amer Sports, Inc. (AS)

In a report released today, Ike Boruchow from Wells Fargo maintained a Buy rating on Amer Sports, Inc., with a price target of $40.00.

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Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Amer Sports, Inc., RealReal, and Tapestry. According to TipRanks, Boruchow has an average return of 6.0% and a 48.68% success rate on recommended stocks.

In addition to Wells Fargo, Amer Sports, Inc. also received a Buy from Bank of America Securities’s Lorraine Hutchinson in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Amer Sports, Inc. (NYSE: AS).

Based on Amer Sports, Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.24 billion and a net profit of $18.2 million. In comparison, last year the company earned a revenue of $1 billion and had a GAAP net loss of $3.7 million