Morgan Stanley Maintains Equal-Weight on Academy Sports, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Academy Sports (NASDAQ:ASO) but reduced the price target from $60 to $55.
December 01, 2023 | 1:43 pm
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Morgan Stanley analyst Simeon Gutman maintains an Equal-Weight rating on Academy Sports and lowers the price target from $60 to $55.
The reduction in price target by Morgan Stanley could lead to a negative perception among investors, potentially causing a short-term dip in ASO's stock price. However, since the rating remains at Equal-Weight, the impact might be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100