Academy Sports price target raised to $75 from $68 at Guggenheim

Guggenheim analyst John Heinbockel raised the firm’s price target on Academy Sports to $75 from $68 and keeps a Buy rating on the shares. Though the firm does not see in-line Q4 operating results and initial 2024 guidance as a catalyst, first-half P&L stabilization “may be over the next several months,” the analyst tells investors.