Academy Sports price target lowered to $82 from $86 at TD Cowen

TD Cowen lowered the firm’s price target on Academy Sports to $82 from $86 but keeps an Outperform rating on the shares after its Q4 earnings miss. The company’s high end of guidance is indicating confidence in a return to same store sales growth and ability to see EBIT margin and dollar trends improve as comps accelerate, the analyst tells investors in a research note. Academy Sports’ strategy, tone and opportunities discussed on the company’s earnings call were also positive, the firm added.