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 geograp ...