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HSBC initiates coverage of On Holding, maintains "hold" rating

By Yahoo! Finance   |   Sep 5, 2024 at 08:48 AM EST
HSBC initiates coverage of On Holding, maintains "hold" rating

HSBC analysts initiated coverage of On Holding with a "hold" rating and a target price of $52, citing the company's global sales surge. However, they believe the risk-reward ratio is not compelling.

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