Bank of America Boosts Amer Sports (NYSE:AS) Price Target to $19.00

Bank of America has boosted its price target for Amer Sports NYSEAS from $18.00 to $19.00 in a research note released on Wednesday, according to Benzinga. The bank currently has a buy rating on the stock. This news comes after several other brokerages have also recently commented on AS. HSBC started coverage on Amer Sports in […].

It's worth noting that Bank of America is one of the largest banks in the world and has a strong presence in the financial services industry. The bank provides a wide range of products and services, including investment banking, commercial banking, and wealth management.

Amer Sports is a leading global sports equipment company that operates through its three segments: Winter Sports, Golf, and Sports Licensing. The company's brands include Salomon, Arc'teryx, and Wilson. Amer Sports has a strong presence in the winter sports market, with brands such as Salomon being one of the largest players in the industry.

The boost in price target by Bank of America is likely due to the company's strong financial performance and growth prospects. In its latest quarterly report, Amer Sports reported revenue of €1.2 billion, which was above analysts' expectations. The company also announced that it had acquired the golf equipment business of TaylorMade Golf Company for $1.7 billion, which is expected to boost its revenue in the coming years.

Overall, the news of Bank of America boosting its price target for Amer Sports NYSEAS is a positive sign for the company and its investors. With a buy rating from one of the largest banks in the world, it suggests that there is confidence in the company's ability to continue growing and generating strong returns for shareholders.