Citi lowered the firm’s price target on Academy Sports (ASO) to $55 from $60 and keeps a Buy rating on the shares ahead of the earnings report on June 10. The firm expects Academy to report an in-line Q1 comp of down 3%, but below consensus earnings per share of 87c, driven by higher spending. Citi thinks management will reiterate the company’s fiscal 2025 earnings per share guidance of $5.75-$6.20, but may point to the low-end of the range driven by higher tariffs.
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