Truist analyst Joseph Civello lowered the firm’s price target on Academy Sports (ASO) to $45 from $51 and keeps a Hold rating on the shares. The recent launch of Jordan product in the company’s stores/e-commerce channel is one of the most important upgrades in its history, and while the firm remains cautious on potential tariff-driven inflation risks, it is also “encouraged” by the management’s execution in the current environment.
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