Although On Holding AG (NYSE:ONON) is well positioned to gain share in the global sportswear market, estimated at $410 billion, there are concerns around the company’s long-term growth and margin aspirations, given “execution risk to achieving scale and subpar levels of marketing investment,” according to BofA Securities.
The On Holding Analyst: David Roux initiated coverage of On Holding with an Underperform rating and a price target of $16.
