Academy Sports and Outdoors shares are trading lower after Evercore ISI Group downgraded the stock from Outperform to In-Line and cut its price target from $65 to $60.
Portfolio Pulse from Benzinga Newsdesk
Academy Sports and Outdoors shares fell after Evercore ISI Group downgraded the stock from Outperform to In-Line and reduced its price target from $65 to $60.
October 07, 2024 | 4:52 pm
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NEGATIVE IMPACT
Academy Sports and Outdoors (ASO) shares are trading lower following a downgrade by Evercore ISI Group from Outperform to In-Line, with a price target cut from $65 to $60.
The downgrade from a reputable analyst group like Evercore ISI can influence investor sentiment negatively, leading to a short-term decline in ASO's stock price. The reduction in the price target also suggests a less optimistic outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100