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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100