Loop Capital analyst Anthony Chukumba keeps a Buy rating and $77 price target on Academy Sports, following the firm’s quarterly sporting goods pricing study for Academy Sports and Outdoors, in which it compares the company’s prices with those of several competitors. Loop Capital says it is “encouraged” by Academy’s continued price competitiveness, with Academy Sports offering the same or a lower price on over 90% of the items surveyed. Loop adds that it continues to believe the upside potential on the stock far outweighs the downside risk at current valuation levels.
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