- Goldman Sachs analyst Kate McShane upgraded Academy Sports And Outdoors Inc ASO to Buy from Neutral with a price target of $58, up from $47, implying a 34% upside.
- The analyst believes consumers have adopted new interests within outdoor, fitness, and sports categories and that this trend "will be sticky" into 2022.
- Further, population migration trends seem to favor Academy Sports' current footprint and its established relationship with Nike Inc NKE is a competitive advantage over less-differentiated competitors, McShane notes.
- Price Action: ASO shares are trading higher by 2.09% at $43.41 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
