TD Cowen lowered the firm’s price target on Academy Sports (ASO) to $54 from $61 and keeps a Hold rating on the shares. The firm said the outlook for positiv same-store-sales at the high end of guidance is encouraging. There will be 39 recently opened stores in the comp base within the 321 store base expected for FY25E coming from the 2022, 2023 and 2024 vintages.
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Read More on ASO:
- Academy Sports price target raised to $54 from $52 at JPMorgan
- Academy Sports price target lowered to $65 from $70 at B. Riley
- Academy Sports price target lowered to $60 from $65 at Wedbush
- Academy Sports price target lowered to $60 from $65 at Baird
- Academy Sports price target lowered to $55 from $60 at Morgan Stanley
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