1527 ET - On Holdings posted strong 1Q results and remains well positioned to continue capturing meaningful market share over time, UBS analysts say in a research note. The analysts note, though, that the sneaker maker will likely face some short-term pressures due to tariffs and foreign exchange. On expects to widely offset tariffs via price increases beginning in July, a move it will likely get away with as sales growth has continually outpaced Wall Street's projections, the analysts say. Plus, the company has several upcoming shoe launches planned for the back half of the year that should help to drive results. UBS raises its price target to $75 from $59 and maintains its buy rating. Shares rise 1% to $57.87. (connor.hart@wsj.com)
(END) Dow Jones Newswires
May 14, 2025 15:27 ET (19:27 GMT)
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