BUZZ-Truist raises PT on Academy Sports & Outdoors to $57
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Truist Securities raised the price target for Academy Sports and Outdoors (ASO) to $57 from $50, citing better-than-expected margins in Q3 and strong performance from new stores and e-commerce. The new PT represents a 7.4% upside. Truist slightly increased ASO's FY25/FY26 EPS estimates and values the stock at 8.5x 2026 EPS. ASO posted Q3 net sales of $1.38 billion, opened 11 new stores, and has a total of 317 stores across 21 states. The stock is down 7.8% YTD, with 9 analysts rating it "buy" and 12 "hold".
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