15 Best Cyclical Stocks to Buy Now

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8. Amer Sports, Inc. (NYSE:AS)

Number of Hedge Fund Holders: 52

Amer Sports Inc. (NYSE:AS) ranks among the best cyclical stocks to buy now. On June 26, Piper Sandler began covering Amer Sports Inc. (NYSE:AS) with a price target of $45 and an Overweight rating. Amer Sports was cited by the firm as a “unique portfolio company” with strong performance in each of its three primary business segments: Ball & Racquet, Outdoor Performance, and Technical Apparel.

According to Piper Sandler, Amer Sports, Inc. (NYSE:AS) has seen consistent currency sales growth of over 20% over the last two years, with the latest two quarters seeing an acceleration, particularly from the Salomon and Wilson brands, which the firm characterized as “rare in the Consumer space.”

Given the momentum in both top and bottom line performance, the firm considers the company’s long-term algorithm, which is based on EBIT margin improvement of 30-70 basis points annually and sales growth in the low to mid-teens, to be cautious.

Based in Helsinki, Finland, Amer Sports, Inc. (NYSE:AS) is a multinational athletic goods corporation. The company owns a portfolio of brands, including Atomic, Arc’teryx, Armada, Enve Composites, Peak Performance, Salomon, and Wilson.

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