Baird analyst Justin Kleber lowered the firm’s price target on Academy Sports (ASO) to $65 from $68 and keeps an Outperform rating on the shares. The firm said they ares ticking with ASO depsite 3Q EPS missing consensus by about 25%, albeit some discrete sales/margin headwinds were at play. While the business has “some momentum” coming off of Black Friday/Cyber Week, management is being measured/prudent with its 4Q outlook.
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Read More on ASO:
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- Academy Sports narrows FY24 adjusted EPS view to $5.80-$6.10 from $5.75-$6.50
- Academy Sports reports Q3 adjusted EPS 98c, consensus $1.27
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
