Amer Sports, Inc. (NYSE:AS) is recognized as one of the best-performing European stocks to invest in. HSBC raised its price target for AS from $38 to $50, upgrading the company from Hold to Buy, citing underestimation of growth potential in Amer Sports’ portfolio.

HSBC notes that Arc’teryx brand and Greater China market were once the main drivers of Amer Sports’ equity narrative, but the company’s success formula is now expanding to other portfolio areas and Asian markets.

HSBC highlighted the robust growth of Salomon soft products, showing strong sales growth in the Outdoor Performance category over the past three years with low-double-digit sales CAGR.

Amer Sports, Inc. (NYSE:AS) is a multinational athletic goods corporation based in Helsinki, Finland. The company owns a diverse portfolio of brands, including Atomic, Arc’teryx, Armada, Enve Composites, Peak Performance, Salomon, and Wilson.

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Read more at Yahoo Finance: HSBC Lifts Amer Sports (AS) Price Target, Citing Portfolio Growth Potential