B. Riley analyst Anna Glaessgen lowered the firm’s price target on Academy Sports (ASO) to $65 from $70 and keeps a Buy rating on the shares. Academy Sports reported results that were better than expected, highlighted by comp upside, with all categories comping positively in December, the firm tells investors. Academy also noted stabilization/inflection in some key COVID categories, suggesting the COVID overhang has been substantially worked through, the firm says. The company indicated Q2 should post the strongest comp of the year, easing early fears of reliance on a steep back-half recovery.
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Read More on ASO:
- Academy Sports price target lowered to $60 from $65 at Wedbush
- Academy Sports price target lowered to $60 from $65 at Baird
- Academy Sports price target lowered to $55 from $60 at Morgan Stanley
- Balanced Risk/Reward Scenario Justifies Hold Rating for Academy Sports and Outdoors Amid Mixed Financial Signals
- Academy Sports and Outdoors Reports Earnings and Expansion Plans
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