Amer Sports: Solid Demand Momentum

Tara Moore/DigitalVision via Getty Images Investment summary My recommendation for Amer Sports (NYSE:AS) is a buy rating. The solid demand momentum seen in 2Q24 was very encouraging, and I think this momentum can persist for the near term, enabling AS to meet consensus EPS estimates for FY24 and FY25. This should drive a positive multiple re-rating as the market starts to comp AS against peers with lower EPS growth but trades at a higher multiple. Business Overview AS has multiple sports & outdoor brands in ...