This retailer is due for a bounce despite recent headwinds, Raymond James says

Raymond James says On Holding is trading at a discount and should be able to work through leadership-shakeup and macro headwinds. The note is modestly positive, emphasizing valuation support rather than a fresh operational catalyst. Impact is likely limited to analyst-driven sentiment around the shares.

Analysis

Raymond James says On Holding is trading at a discount and should be able to work through leadership-shakeup and macro headwinds. The note is modestly positive, emphasizing valuation support rather than a fresh operational catalyst. Impact is likely limited to analyst-driven sentiment around the shares.