Hot Off IPO, On Prompts Mixed Forecasts From Analysts - NewsBreak

On the heels of its IPO in September, analysts are split on their recommendations regarding On, the Swiss running brand. Backed by tennis champion Roger Federer, On sold 31.1 million shares for $24 each in its IPO, which brought the company's value to over $6 billion, Reuters reported. In the wake of the IPO, analysts are making recommendations on whether or not to buy shares of the company. On Monday, Stifel Analyst Jim Duffy recommended that investors purchase shares of On, citing a "unique premium brand with open-ended growth opportunities in the $300 billion and growing global performance/lifestyle footwear and apparel market." "We believe...