B of A Securities Downgrades Academy Sports to Neutral, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Academy Sports (NASDAQ:ASO) from Buy to Neutral and lowered the price target from $75 to $63.
June 11, 2024 | 3:50 pm
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B of A Securities has downgraded Academy Sports (NASDAQ:ASO) from Buy to Neutral and lowered the price target from $75 to $63.
The downgrade from Buy to Neutral and the reduction in the price target from $75 to $63 by B of A Securities is likely to negatively impact the stock price of Academy Sports in the short term. Downgrades and lower price targets typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100