Telsey Advisory lowered the firm’s price target on Academy Sports (ASO) to $58 from $60 and keeps an Outperform rating on the shares. The company’s Q1 results, commentary on Q2 trends, and updated guidance were mixed, the analyst tells investors. Overall, the inflection to a positive comp is not there yet and may not materialize until the consumer backdrop improves.
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Read More on ASO:
- “Buy Rating for Academy Sports and Outdoors: Strategic Initiatives and Attractive Valuation Drive Growth Potential”
- Academy Sports price target raised to $47 from $45 at Truist
- Academy Sports price target lowered to $52 from $55 at Morgan Stanley
- Academy Sports price target lowered to $55 from $60 at BofA
- Academy Sports and Outdoors: Hold Rating Amidst Macroeconomic Challenges and Performance Concerns
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