Truist Initiates Amer Sports (AS) with Buy, $42 PT, Cites Niche Focus and Growth Drivers

Amer Sports Inc. (NYSE:AS) is one of the best NYSE stocks to buy and hold for the next decade. On October 27, Truist analyst Joseph Civello initiated coverage of Amer Sports with a Buy rating and $42 price target. This sentiment was announced as the firm believes that Amer’s growth is driven by its focus on niche areas, its relatively limited brand awareness in the US, and its strong connection to higher-income consumers.

Joseph Civello further stated that the company’s higher price points and its geographic concentration outside of the US also position Amer Sports to outperform within an industry that is facing pressure from tariffs.

Truist Initiates Amer Sports (AS) with Buy, $42 PT, Cites Niche Focus and Growth Drivers

Earlier on October 9, Wells Fargo analyst Ike Boruchow maintained a Buy rating on Amer Sports with a price target of $40.00.

Amer Sports Inc. (NYSE:AS) designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories internationally. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

While we acknowledge the potential of AS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AS and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.