BofA reiterates On Holding stock rating, keeps $43 target

BofA’s reaffirmation of On Holding’s stock rating and $43 price target signals continued confidence in the company’s creditworthiness and growth prospects. For middle-market credit professionals, this reiteration suggests stability in On Holding’s financial outlook, which could influence lending decisions and risk assessments. The maintained target price also implies expectations of steady performance, relevant for evaluating covenant compliance and potential refinancing opportunities within the leveraged finance space.