Academy Sports price target raised to $52 from $48 at UBS

UBS analyst Michael Lasser raised the firm’s price target on Academy Sports (ASO) to $52 from $48 and keeps a Neutral rating on the shares. The firm believes the company’s Q2 results will show improvement in the core business. The backdrop for sporting goods retail was stable in the quarter and Academy continued to see a benefit from trade down from middle to upper income consumers, the analyst tells investors in a research note.