YahooAugust 12, 2026 at 5:25 PM NY22 days ago

Raymond James cuts On Holding target on wholesale weakness

Investing.com -- Raymond James downgraded On Holding to Outperform from Strong Buy and cut its price target to $38 from $52 after the Swiss sportswear maker reported weaker-than-expected second-quarter revenue and lowered its growth outlook. The brokerage said pressure in North American wholesale and limited visibility into the pace and durability of future growth had reduced confidence in near-term upside.

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RJFRaymond James Financial Inc178.98− 1.17%

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