Academy Sports price target lowered to $61 from $65 at Jefferies

Jefferies lowered the firm’s price target on Academy Sports (ASO) to $61 from $65 and keeps a Buy rating on the shares. The firm believes the stock is “poised to move higher” as positive comps come into clearer view for 2026, arguing that demand trends among greater than $100K households should more than offset category deferral among less than $50K families.