Form 10-Q Academy Sports & Outdoor For: Aug 03

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Go back to Form 10-Q Academy Sports & Outdoor For: Aug 03

Academy Sports & Outdoors Inc. (ASO) PT Raised to $65 at Evercore ISI

September 11, 2024 5:51 AM EDT

Evercore 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