Academy Sports price target raised to $65 from $58 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Academy Sports (ASO) to $65 from $58 and keeps an Outperform rating on the shares. The firm believes the company has improved its merchandise and store experience with the expanded assortment of Nike (NKE) products and the launch of Jordan in about 50% of its stores, the analyst tells investors. Additionally, there remains “significant opportunity” for the company to improve in other business areas that can drive stronger and more consistent performance over time, the firm adds.