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Amer Sports rises as Jefferies starts at 'buy'

By Reuters News12:04 (UTC), 13 October 2026 Updated

** Shares of Wilson tennis racket maker Amer Sports AS.N gain 1.41% to $28.77 premarket

** Jefferies starts coverage with "buy" rating; PT of $42 implies a 48% upside to stock's last close

** Brokerage sees outdoor apparel brand Salomon a "compelling second engine of growth" and growth at Arc'teryx, known for its trail-running shoes, shifting to North America, EMEA and women's products from China

** Notes AS raised 2025 guidance four times, topped sales estimates in all 11 quarters since IPO

** 24 of 25 brokerages rate the stock "buy" or above, 1 "hold"; median PT: $46.92 - data compiled by LSEG

** As of last close, stock down 24% YTD

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