Truist analyst Joseph Civello raised the firm’s price target on Academy Sports (ASO) to $47 from $45 but keeps a Hold rating on the shares after its Q1 earnings miss. The company’s expanded Nike (NKE) and new Jordan assortment is outperforming expectations while the trade-down benefits are accelerating, though the overall traffic was down mid-single-digits in Q1 and May comps trended down by low-single-digits, the analyst tells investors in a research note.

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• Academy Sports price target lowered to $52 from $55 at Morgan Stanley

• Academy Sports price target lowered to $55 from $60 at BofA

• Academy Sports and Outdoors: Hold Rating Amidst Macroeconomic Challenges and Performance Concerns

• Buy Rating for Academy Sports and Outdoors: Overcoming Challenges with Strategic Adjustments and Growth Opportunities

• Cautious Hold Rating on Academy Sports and Outdoors Amid Mixed Financial Performance and Macroeconomic Challenges