Academy Sports & Outdoors: Guggenheim Raises Target

Academy Sports & Outdoors (NASDAQ:ASO) Receives Buy Rating from Guggenheim as Price Target Jumps to $75

Guggenheim has reaffirmed its Buy rating on Academy Sports & Outdoors Inc. (NASDAQ:ASO) and has boosted the price target to $75 from $68. The stock of Academy Sports has experienced a remarkable surge of about 52% in the past three months, surpassing the broader market’s gain of approximately 15% over the same period. This upswing can be attributed to the heightened expectations of an improving consumer spending environment.