Truist raised the firm’s price target on Academy Sports to $61 from $57 and keeps a Buy rating on the shares. The company’s Q3 earnings miss was largely weather and well-understood macro issue driven, the analyst tells investors in a research note. With trends improving in the last 2 weeks of October and remaining solid through November, Truist “remains bullish” on the Q4 outlook for Academy Sports.
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Read More on ASO:
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