UBS Downgrades Academy Sports to Neutral, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Michael Lasser has downgraded Academy Sports (NASDAQ:ASO) from Buy to Neutral and lowered the price target from $81 to $58.

June 12, 2024 | 9:49 am
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UBS analyst Michael Lasser downgraded Academy Sports from Buy to Neutral and reduced the price target from $81 to $58, indicating a less optimistic outlook for the stock.
The downgrade from Buy to Neutral and the significant reduction in the price target from $81 to $58 by UBS suggests a less favorable view of Academy Sports' future performance. This is likely to negatively impact the stock price in the short term as investors react to the revised outlook.
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