Guggenheim raised the firm’s price target on Academy Sports to $73 from $70 and keeps a Buy rating on the shares. The firm contends that the company’s first-ever analyst day "officially marked the transition to secular growth story from turnaround" and Guggenheim adds that "there seems to be a path" to about $1.4B of adjusted EBITDA and about $14 of EPS by 2027.
Published first on TheFly
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