Amer Sports rises as Jefferies starts at 'buy'

Amer Sports

13/10/2026 13:04

** Shares of Wilson tennis racket maker Amer Sports AS.N gain 1.41% to $28.77 premarket
** Jefferies starts coverage with "buy" rating; PT of $42 implies a 48% upside to stock's last close 
** Brokerage sees outdoor apparel brand Salomon a "compelling second engine of growth" and growth at Arc'teryx, known for its trail-running shoes, shifting to North America, EMEA and women's products from China
** Notes AS raised 2025 guidance four times, topped sales estimates in all 11 quarters since IPO 
** 24 of 25 brokerages rate the stock "buy" or above, 1 "hold"; median PT: $46.92 - data compiled by LSEG 
** As of last close, stock down 24% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))