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Barclays analyst Adrienne Yih maintains Academy Sports (NASDAQ:ASO) with a Equal-Weight and lowers the price target from $55 to $50.
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The partnership brings Academy's broad catalog to the Instacart Marketplace, giving customers same-day delivery in as fast as an hour for items ranging from camping and fishing equipment to fitness gear, team sports
Read original at benzingaBoth Academy Sports and Tractor Supply face macroeconomic headwinds affecting retail growth. While both trade at cheap valuations, Tractor Supply demonstrates greater resilience with a more stable business model focused on essential rural goods, commanding a higher P/E multiple of 14x versus Academy's 7x. Tractor Supply expects 1-3% comparable store sales growth versus Academy's flat to 2%, making it the stronger near-term performer despite Academy's potential upside if it achieves consistent growth.
Read original at the-motley-fool