Academy Sports’ quarter-to-date trends improving, says Goldman Sachs

Goldman Sachs keeps a Buy rating and $66 price target on Academy Sports (ASO) after hosting a non-deal roadshow with its CEO and CFO earlier today. The firm’s takeaways from the meeting include indication that quarter-to-date trends have improved with a strong Black Friday event, and Goldman Sachs believes that FY25 should see a stabilizing consumer and the rollout of an expanded Nike (NKE) Assortment, further adding that certain headwinds that impacted FY24 should be neutral, the analyst tells investors in a research note.