Analyst Raymond James downgraded On Holding AG on July 22, 2025, citing tariff headwinds and the company's reliance on sourcing from Vietnam while balancing expectations for growth in China.

The entities involved

• On Holding AG →

  On Holding AG, based in Zurich, Switzerland, is the holding company of the On Group. It holds and manages the subsidiaries that design, produce, and distribute performance footwear, apparel, and accessories under the On brand globally.

  Nothing else this week.

• China →

  cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China

  • The European Central Bank is forced to raise interest rates due to energy price shocks from the Iran war and an influx of Chinese exports.Mon 17:49
  • The Middle Corridor, linking Central Asia and Europe, is gaining significance in regional trade and energy routes.Mon 17:06
• Vietnam →

  country in Southeast Asia

  • Joseph Low discussed economic shifts in Vietnam, with Hanoi serving as the deployment hub for an initiative.Mon 15:33
  • An individual with consulting experience in Vietnam is linked to a company based in the Netherlands.Mon 13:16
• Raymond James →

  Montreux Jazz Festival person ID 7418; keyboardist for Crosby, Stills & Nash

  • Morgan Stanley assumed coverage of Airbnb stock, while Raymond James upgraded the rating and Matthew Condon raised the price target on September 27, 2026.Mon 02:32
  • LPL Financial is acquiring Commonwealth advisors while facing competition from Osaic and recruitment efforts from Raymond James.Fri 21:53

Related events

• Driven by global geopolitical conflicts and strict US trade policies, Vietnam has emerged as a major global supplier, surpassing China in certain capacities.Jul 14
• Vietnam's government is facing pressure due to global trade shifts and standards.Jul 8