TD Cowen Maintains Outperform on Academy Sports, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Kernan maintains an Outperform rating on Academy Sports (NASDAQ:ASO) but lowers the price target from $86 to $82.
March 22, 2024 | 10:29 am
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TD Cowen maintains an Outperform rating on Academy Sports but lowers the price target from $86 to $82.
While the reduction in the price target from $86 to $82 by TD Cowen could suggest a slightly less optimistic view on the stock's short-term price potential, the maintenance of an Outperform rating indicates a continued positive outlook on the company's fundamentals and growth prospects. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the reaffirmed positive rating.
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IMPORTANCE 75
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