Wells Fargo Downgrades Academy Sports to Equal-Weight, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded Academy Sports (NASDAQ:ASO) from Overweight to Equal-Weight and lowered the price target from $80 to $55.
June 12, 2024 | 9:51 am
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Wells Fargo analyst Will Gaertner downgraded Academy Sports from Overweight to Equal-Weight and reduced the price target from $80 to $55.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $80 to $55 by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and the short-term stock price of Academy Sports.
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