TD Cowen analyst John Kernan lowered the firm’s price target on Academy Sports (ASO) to $54 from $56 and keeps a Hold rating on the shares. The firm said without an improvement in SSS, they think consensus estimates into FY25 and FY26 look somewhat optimistic as increased investments in store growth could raise SG&A rates even on lower planned openings.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASO:
- Academy Sports price target lowered to $65 from $68 at Baird
- Academy Sports and Outdoors Reports Q3 2024 Results
- Oracle reports mixed Q2, Gen Digital to acquire MoneyLion: Morning Buzz
- Morning Movers: United Natural Foods surges following first quarter results
- Academy Sports narrows FY24 adjusted EPS view to $5.80-$6.10 from $5.75-$6.50