Oppenheimer Bullish on Academy Sports & Outdoors Inc. (ASO) Following Analyst Meeting

Oppenheimer analyst Brian Nagel reiterated an Outperform rating and $85.00 price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO) after they attended a company-sponsored analysts meeting. The analyst spent considerable time connecting with senior leadership of the chain, including CEO Ken Hicks and CFO Michael Mullican.

Nagel commented, "Overall, we came away from our time with ASO incrementally upbeat on prospects for significant operational improvements at the company to support continued meaningful top- and bottom-line expansion, helped by strengthening new store growth. As we have long indicated, we believe that the discounted valuation at which shares of ASO currently trade underappreciates, meaningfully, near- and longer term expansion prospects for the chain.."

For an analyst ratings summary and ratings history on Academy Sports & Outdoors Inc. click here. For more ratings news on Academy Sports & Outdoors Inc. click here.

Shares of Academy Sports & Outdoors Inc. closed at $62.58 yesterday.

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