Academy Sports Shares Surge After Telsey Advisory Group Reaffirms Positive Rating

Academy Sports & Outdoor (ASO) shares rose 2.9% after Telsey Advisory Group reaffirmed its 'Outperform' rating and kept its price target at $65. The firm's expansion of its Board of Directors added expertise in digital transformation, finance, and real estate to support the company's long-term growth goals. Academy Sports is down 11.5% since the beginning of the year, but investors who bought $1,000 worth of shares 5 years ago would now be looking at an investment worth $3,088.