BTIG Analysts See Growth Potential in ONON and NKE

Analysts are optimistic about the Consumer Cyclical sector as two recent reports on On Holding AG (ONON) and Nike (NKE) show. Janine Stichter from BTIG reiterated a Buy rating on ONON with a price target of $60.00, citing potential growth opportunities for the company.

On Holding AG has an analyst consensus of Strong Buy, with a price target consensus of $41.21, implying a 35.6% upside from current levels. Morgan Stanley also initiated coverage on the stock with a Buy rating and a $39.00 price target.

In a separate report, Robert Drbul from BTIG maintained a Buy rating on Nike (NKE) with a price target of $55.00. However, the analyst consensus for Nike is Hold, with an average price target of $46.74, representing a 26.5% upside from current levels.