Morgan Stanley Maintains Equal-Weight on Academy Sports, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Academy Sports (NASDAQ:ASO) but lowered the price target from $70 to $65.
March 22, 2024 | 4:17 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Academy Sports but lowers the price target from $70 to $65.
The reduction in price target by Morgan Stanley, despite maintaining the Equal-Weight rating, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Academy Sports.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100