Lighthouse Films/DigitalVision via Getty Images Following a transition period for Nike, at the end of December 2023, our team decided to upgrade On Holding AG (NYSE:ONON) to a buy rating. This optimistic view was primarily influenced by the company's vital product innovation, favorable demand trends, and supportive results. On Holding AG was also confident in its ambitions for the FY 2026 targets, with plans for higher top-line sales, new store openings, and a key advantage on operating leverage to support ...