Loop Capital keeps a Buy rating and $77 price target after gauging the company’s prices when compared with those of several competitors. The firm is “encouraged” by Academy’s continued price competitiveness, with the company offering the same or a lower price on nearly 90% of the items surveyed, the analyst tells investors in a research note. The upcoming U.S. presidential election also provides upside optionality to Academy’s Q4 comparable sales growth, the firm added.
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