1123 GMT - On Holding can grow in key markets for sporting-goods companies, analysts at Berenberg say. There is scope for growth for the Swiss premium sportswear company in the U.S., a market that is far from saturation, they write in a research note. Furthermore, market forecasts show China leading sportswear growth to 2030, with On Holding being ideally positioned to benefit from the growth of the premium segment within this market, the analysts add. "Feedback from Chinese distributors corroborates this view and points to strong momentum at On," they add. Berenberg initiates coverage of the stock with a buy rating.
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