Morgan Stanley Maintains Equal-Weight on Academy Sports, Lowers Price Target to $55
Portfolio Pulse from jenniferd'souza@benzinga.com
Morgan Stanley analyst Simeon Gutman maintains an Equal-Weight rating on Academy Sports (NASDAQ:ASO) and lowers the price target from $70 to $55.

June 07, 2023 | 3:16 pm
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Morgan Stanley maintains an Equal-Weight rating on Academy Sports (NASDAQ:ASO) and lowers the price target from $70 to $55.
The lowered price target from Morgan Stanley may have a negative short-term impact on ASO's stock price, as it indicates a reduced valuation expectation. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the reduced price target may cause some investors to reevaluate their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100