Why Truist Sees Long-Run Upside in Amer Sports, Inc. (AS)

Company Overview - Amer Sports, Inc. is a Finland-based provider of sports equipment, apparel, footwear, and related accessories, operating through segments such as Technical Apparel, Outdoor Performance, and Ball & Racquet Sports [4] Investment Outlook - Amer Sports, Inc. is identified as a stock under $50 with a positive investment outlook, supported by a price target increase from $45 to $46 by Truist, maintaining a Buy rating due to "durable growth levers across the business" [1] - The company has modest brand awareness in the U.S., low competition, and an appealing higher-income clientele, which are expected to contribute to substantial long-term growth prospects [2] - The management has outlined a long-term model through 2030, targeting a compound annual growth rate (CAGR) in the low double-digits to mid-teens and an annual increase in adjusted operating margin of 30-70 basis points or more [2] Growth Potential - Amer Sports is well-positioned to achieve a five-year EPS CAGR of over 25% and targets FY30 EPS of over $2.50, bolstered by multiple growth projects across several brands and a successful execution history in China [3]