Wells Fargo raised the firm’s price target on Academy Sports (ASO) to $43 from $38 and keeps an Equal Weight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.
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Read More on ASO:
- Buy Rating for Academy Sports and Outdoors: Strong Market Position and Growth Potential Highlighted
- Academy Sports and Outdoors Board Member Resigns
- Academy Sports price target lowered to $45 from $51 at Truist
- Academy Sports price target lowered to $38 from $43 at Wells Fargo
- Academy Sports price target lowered to $60 from $77 at Loop Capital