Gordon Haskett starts ‘compelling growth story’ Academy Sports at Accumulate

As previously reported, Gordon Haskett analyst Eric Cohen initiated coverage of Academy Sports with an Accumulate rating and $73 price target, calling it "a compelling growth story with a significant whitespace opportunity in a large and highly fragmented category." The sporting goods vertical has re-based structurally higher after the pandemic and the firm believes Academy can maintain its recent gains in a normalized promotional environment, the analyst tells investors.