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Stock impact report

Why Truist Sees Long-Run Upside in Amer Sports, Inc. (AS) [Yahoo! Finance]

Amer Sports, Inc. Ordinary Shares (AS) 
Company Research Source: Yahoo! Finance
on Amer Sports, Inc. (NYSE:AS) to $46 from $45 and reiterated a Buy rating. According to the firm, the “durable growth levers across the business” are the basis for its sustained positive outlook. What strengthens this bullish story is the company's modest brand awareness in the U.S., low competition, and appealing higher-income clientele, as these factors back substantial growth prospects in the long haul for Amer Sports, Inc. (NYSE:AS), the firm highlighted. It also added that the company's management remains positive as well. The leadership has outlined a long-term model through 2030 that includes a CAGR in the low double-digits to mid-teens and an annual acceleration in adjusted operating margin of 30-70 basis points or more. Leonard Zhukovsky / Shutterstock.com With multiple growth projects across several brands, a set execution history in China, and the probability of margin improvements from scale and transition toward softgoods, Amer Sports, Inc. (NYSE:AS) is well-positi Show less Read more
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