Truist raised the firm’s price target on Academy Sports (ASO) to $50 from $47 and keeps a Hold rating on the shares. The stock fell on earnings despite the company’s first positive comp since 2021, the analyst tells investors in a research note. Academy Sports has executed well to expand/elevate their assortment and has set themselves up well to mitigate tariff headwinds this year, but the firm remains cautious on the outlook for the second half of the year, Truist adds.
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