Academy Sports & Outdoors Inc. (ASO) PT Raised to $87 at JPMorgan
JPMorgan analyst Christopher Horvers raised the price target on Academy Sports & Outdoors Inc. (NASDAQ: ASO) to $87.00 (from $55.00) while maintaining a Overweight rating.
The analyst comments "Our Overweight rating is based on ASO’s improved execution, long-term margin drivers, particularly supply chain improvement, and the company’s strong brand in its core markets with share of wallet headwinds diminishing and replacement cycle “green shoots” appearing in many goods categories."