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.

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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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