Footwear maker On Holding gains after UBS Global Research hikes PT
** U.S.-listed shares ONON.N of Swiss sports footwear maker On Holding up ~1% at $47.13
** Brokerage UBS Global Research raises PT on company's shares to $61 from $55, says company's ongoing sales momentum would boost sentiment around the stock
** Increased confidence in ONON's ability to drive sustainable sales growth and margin expansion - brokerage
** High-double-digit growth in ONON's U.S. direct-to-consumer sales across all months in Q3 is a positive sign - brokerage
** Brokerage adds that brands such as Hoka and On are still taking significant market share from sportswear giants like Nike NKE.N
** 19 of 23 brokerages rate the stock "buy" or "higher", and 4 "hold"; Median PT $51 - LSEG
** Including session moves, On Holding's U.S.-listed shares up nearly 75% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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