Evercore ISI Group Maintains Outperform on Academy Sports, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich maintains an Outperform rating on Academy Sports (NASDAQ:ASO) but lowers the price target from $75 to $70.

April 16, 2024 | 2:38 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Academy Sports but lowers the price target from $75 to $70.
The adjustment in price target by a reputable analyst firm like Evercore ISI Group, while maintaining a positive rating, suggests a nuanced view on the company's valuation. The reduction in price target might reflect updated market conditions or company-specific factors not detailed in the news. However, the continued Outperform rating indicates a belief in the company's underlying strength and potential for growth, which could neutralize any negative impact from the lowered price target in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100