TD Cowen Downgrades Academy Sports to Hold, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Kernan has downgraded Academy Sports (NASDAQ:ASO) from Buy to Hold and lowered the price target from $58 to $54.
August 13, 2024 | 9:46 am
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TD Cowen analyst John Kernan downgraded Academy Sports from Buy to Hold and reduced the price target from $58 to $54.
The downgrade from Buy to Hold and the reduction in the price target from $58 to $54 by TD Cowen is likely to negatively impact the short-term stock price of Academy Sports. Downgrades typically signal a lack of confidence in the stock's near-term performance.
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