Amer Sports downgraded to Market Perform from Outperform at Bernstein

Bernstein downgraded Amer Sports to Market Perform from Outperform. The impending ban on per- and polyfluoroalkyl substances in the apparel sector raises concerns about the financial implications for companies like Amer Sports, the analyst tells investors in a research note. The firm cites the challenges posed by the ban, including slower sales growth and lower margins due to the PFAS ban, as well as high consensus expectations for the Arc’teryx brand for the downgrade.