Morgan Stanley Starts Academy Sports & Outdoors Inc. (ASO) at Equalweight

August 15, 2022 4:22 AM EDT
Get Alerts ASO Hot Sheet
Price: $45.16 -5.19%

Rating Summary:
    12 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 11 | New: 34
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Morgan Stanley analyst Simeon Gutman initiates coverage on Academy Sports & Outdoors Inc. (NASDAQ: ASO) with a Equalweight rating and a price target of $50.00.

The analyst comments "We initiate coverage of Academy Sports and Outdoors (ASO) with an Equalweight rating and a $50 price target. Risk/reward skews wide and positive with ~91%/~68% upside/downside to our bull/bear cases and ~6% upside to our PT. We view elements of the ASO investment case similarly to key retail growth stories RH, FND,and FIVE in which there is material long-term upside, tempered by near-term path risk."

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 $47.00 yesterday.

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