Wedbush raised the firm’s price target on Academy Sports to $73 from $68 and keeps an Outperform rating on the shares. Academy Sports’ Q4 results were below sell side consensus expectations on the top line but above expectations on the bottom line, and the company also provided 2023 guidance expectations that were in line on the top- and bottom-lines and included gross margin upside, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ASO:
- Academy Sports price target raised to $85 from $75 at Oppenheimer
- Academy Sports sees FY23 adjusted EPS $7.00-$7.75, consensus $7.65
- Academy Sports + Outdoors Reports Fourth Quarter and Fiscal 2022 Results
- Academy Sports reports Q4 adjusted EPS $2.04, consensus $1.81
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations