JP Morgan Downgrades Academy Sports to Neutral, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers has downgraded Academy Sports (NASDAQ:ASO) from Overweight to Neutral and lowered the price target from $76 to $53.
August 05, 2024 | 10:44 am
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NEGATIVE IMPACT
JP Morgan analyst Christopher Horvers downgraded Academy Sports from Overweight to Neutral and reduced the price target from $76 to $53.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $76 to $53 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the short-term stock price of Academy Sports.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100