Jefferies analyst Anna Glaessgen initiated coverage of Academy Sports with a Buy rating and $73 price target. The analyst prefers Academy Sports in the sporting goods retail sector, saying its value-oriented market position will drive outperformance over the next 12-18 months. The company has best-in-class unit economics, the longest unit growth runway and an attractive valuation, the analyst tells investors in a research note. The firm names Academy Sports its top pick in sporting goods retail.
Published first on TheFly
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