Truist Securities Maintains Buy on Academy Sports, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joseph Civello has maintained a Buy rating on Academy Sports (NASDAQ:ASO) but has lowered the price target from $77 to $75.

March 22, 2024 | 1:06 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Academy Sports but lowers the price target from $77 to $75.
While the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects, the reduction in the price target suggests a slight adjustment in valuation expectations. This could lead to a neutral short-term impact on the stock as investors weigh the positive outlook against the adjusted valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100