Loop Capital analyst Anthony Chukumba raised the firm’s price target on Academy Sports to $65 from $60 and keeps a Buy rating on the shares. The analyst cites the company’s Q3 earnings beat and guidance raise coming for the third consecutive quarter. Chukumba adds that he continues to be impressed by Academy’s performance under its current management team and believes that the company is still in the "early innings" of a long multi-year turnaround.
Published first on TheFly
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Read More on ASO:
- Academy Sports price target raised to $70 from $56 at Wells Fargo
- ASO Posts Mixed Q3
- Academy Sports + Outdoors Reports Third Quarter 2022 Results
- Academy Sports raises FY22 adjusted EPS view to $7.50-$7.40 from $6.75-$7.50
- Academy Sports reports Q3 adjusted EPS $1.69, consensus $1.59
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