Academy Sports price target raised to $51 from $50 at Truist

Truist raised the firm’s price target on Academy Sports (ASO) to $51 from $50 and keeps a Hold rating on the shares after its Q3 results. The company’s guidance reduction wasn’t as severe as investors worried, while its management also highlighted several other bright spots, the analyst tells investors in a research note. Truist adds however that while it was encouraged by these updates, it remains cautious about forward demand trends for their core middle-income customers as this cohort is already stretched, with discretionary demand pressures facing them to be exacerbated in FY25 by tariffs.