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Wells Fargo Keeps Their Buy Rating on Amer Sports, Inc. (AS)

Tipranks - Tipranks - Thu Mar 5, 7:02AM CST

In a report released today, Ike Boruchow from Wells Fargo maintained a Buy rating on Amer Sports, Inc., with a price target of $45.00.

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According to TipRanks, Boruchow is a 3-star analyst with an average return of 2.5% and a 48.08% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Amer Sports, Inc., and Tapestry.

In addition to Wells Fargo, Amer Sports, Inc. also received a Buy from J.P. Morgan’s Matthew Boss in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Amer Sports, Inc. (NYSE: AS).

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Based on Amer Sports, Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.1 billion and a net profit of $131.5 million. In comparison, last year the company earned a revenue of $1.64 billion and had a net profit of $15.4 million

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