Jefferies lowered the firm’s price target on Academy Sports (ASO) to $60 from $66 and keeps a Buy rating on the shares. With the stock flat after management shared new brand launches, displayed well-controlled inventories compared to the rest of retail, and articulated evidence of tailwinds from consumer trade-down, it is “clear the market is not appropriately rewarding ASO for improvement ahead,” according to the analyst, who suggests investors buy shares ahead of a return to positive comps in 2025.
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Read More on ASO:
- Academy Sports says ‘pretty happy’ with trend coming out of February
- Academy Sports reports Q4 adjusted EPS $1.96, consensus $1.82
- Academy Sports sees FY25 adjusted EPS $5.75-$6.20, consensus $6.46
- ASO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Academy Sports price target lowered to $60 from $65 at Citi
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