Form 4 Academy Sports & Outdoor For: Sep 10 Filed by: Lawrence Steven Paul
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Academy Sports & Outdoors Inc. (ASO) PT Raised to $65 at Evercore ISI
September 11, 2024 5:51 AM EDTEvercore ISI analyst Greg Melich raised the price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO) to $65.00 (from $60.00) while maintaining a Outperform rating.
The analyst comments "Academys -7% 2Q comp was below expectations, yet comps turned positive in August, which keep hope alive that 2H comps can improve 300bps+. That said, based on the current state of the consumer and ASOs ytd results, mgmt. lowered the top and bottomline outlook, while protecting gross... More
