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

Tipranks - Tipranks - Sat Mar 14, 9:06AM CDT

In a report released today, Jay Sole from UBS reiterated a Buy rating on Amer Sports, Inc., with a price target of $60.00.

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Sole covers the Consumer Cyclical sector, focusing on stocks such as Boot Barn, Nike, and Ralph Lauren. According to TipRanks, Sole has an average return of 4.7% and a 47.45% success rate on recommended stocks.

In addition to UBS, Amer Sports, Inc. also received a Buy from Wells Fargo’s Ike Boruchow in a report issued on March 4. However, on March 3, 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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