Academy Sports' Growth Potential Uncertain Amid Macroeconomic Challeneges: Analyst Explains Why
1. JPMorgan maintains neutral rating on ASO, raises price target to $54. 2. ASO's Q4 EPS of $1.96 exceeded expectations; sales fell short at $1.676 billion. 3. Store site selection improvements planned for the second half of 2024. 4. Expansion into Nike products aims to compete more effectively in the market. 5. Analyst expresses uncertainty about growth potential due to macroeconomic challenges.