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ASO - Truist looks at sportswear names ahead of results
Academy Sports and Outdoors Inc.
2024-03-19 11:22:43 ET
Ahead of Q4 results for Nike ( NYSE: NKE ), Lululemon ( NASDAQ: LULU ), and Academy Sports and Outdoors ( NASDAQ: ASO ) on Thursday, Truist Securities expects Lululemon to be the best positioned to outperform with the company poised to benefit from customer loyalty and momentum from international markets. Decelerating U.S. trends should already be priced into the stock, leaving Truist positive on the outlook for the company. Truist gives Lululemon ( LULU ) a Buy rating and $561 price target, 22% above Monday’s close. ...