Morgan Stanley Lowers Price Target for On Holding to $62.00, Maintains Overweight Rating

Morgan Stanley has lowered its price target for On Holding (ONON) from $66 to $62, a 6.06% decrease, while maintaining an "Overweight" rating. The firm believes the stock will perform better than the market average. Based on 26 analyst estimates, the average target price is $60.38, with an upside of 24.01% from the current price of $48.69.