Academy Sports' Growth Potential Uncertain Amid Macroeconomic Challeneges: Analyst Explains Why

On Friday, JPMorgan analyst Christopher Horvers reiterated the Neutral rating on Academy Sports and Outdoors, Inc. ASO, raising the price forecast to $54 from$52.Yesterday, the firm reported fourth-quarter adjusted earnings per share of $1.96, beating the street view of$1.83. Quarterly sales of $1.676 billion (down 6.6$1.677 billion by a hairline.The analyst notes that Academy Sports has made progress in improving new store site selection for the ...