Academy Sports price target raised to $88 from $83 at Wells Fargo

Wells Fargo analyst Will Gaertner raised the firm’s price target on Academy Sports to $88 from $83 and keeps an Overweight rating on the shares. While Q4 was mixed, guidance was disappointing, as expectations for positive comps for FY24 fell short, though there were some positive signs, including an intact square footage growth story, the analyst tells investors in a research note.