Truist Initiates Amer Sports with Buy Rating, $42 Price Target

Truist analyst Joseph Civello initiated coverage of Amer Sports with a Buy rating and $42 price target, citing the company's focus on niche areas, limited brand awareness in the US, and strong connection to higher-income consumers. Civello believes Amer Sports is well-positioned to outperform within an industry facing pressure from tariffs due to its higher price points and geographic concentration outside of the US.