Shares of sportswear brand On Holding AG, listed in the US, rose 1.7% in pre-market trading after JPMorgan resumed research coverage of the company and gave it an "overweight" rating.
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This positive market response highlights investors’ recognition of analysts’ bullish outlook. JPMorgan’s rating actions are typically closely monitored by the market, and its “Overweight” rating indicates that the institution expects the stock to outperform its industry or benchmark index in the future.
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