Wells Fargo lowered the firm’s price target on Academy Sports (ASO) to $38 from $43 and keeps an Equal Weight rating on the shares. The firm adjusted ratings in retail cut 2026 earnings estimates well below the Street to reflect current tariff headwinds and assumptions for a mild recession. Both headwinds will begin impacting numbers in the second half of 2025, the analyst tells investors in a research note.
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Read More on ASO:
- Academy Sports price target lowered to $60 from $77 at Loop Capital
- Academy Sports’ Earnings Call: Mixed Sentiments and Strategic Moves
- Academy Sports price target lowered to $54 from $61 at TD Cowen
- Academy Sports price target raised to $54 from $52 at JPMorgan
- Academy Sports price target lowered to $65 from $70 at B. Riley
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