B. Riley raised the firm’s price target on Academy Sports (ASO) to $66 from $60 and keeps a Buy rating on the shares. The firm came away from Tuesday’s analyst day with “renewed confidence in the long-term growth algorithm,” says the analyst, who cites a higher multiple given greater comparable store sales inflection visibility.
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Read More on ASO:
- Academy Sports price target raised to $65 from $60 at Guggenheim
- Academy Sports price target raised to $56 from $52 at Wells Fargo
- Academy Sports price target raised to $55 from $49 at Barclays
- Academy Sports price target raised to $60 from $55 at Evercore ISI
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