Citi analyst Paul Lejuez lowered the firm’s price target on Dick’s Sporting (DKS) to $220 from $230 and keeps a Neutral rating on the shares. The company’s Q4 comps of up 6.4% were “very impressive” and demonstrate its “strong positioning as a market share winner in the sporting goods category,” the analyst tells investors in a research note. Citi points out Dick’s is ramping investment spending. The firm views the stock’s risk/reward as balanced at current levels.
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Read More on DKS:
- Strong Market Position and Growth Potential Justify Buy Rating for Dick’s Sporting Goods
- DICK’S Sporting Goods Reports Record Sales and Growth
- Optimistic Growth and Strategic Investments Drive Buy Rating for Dick’s Sporting Goods
- Dick’s Sporting price target lowered to $245 from $280 at Truist
- Strong Earnings and Strategic Positioning Drive Buy Rating for Dick’s Sporting Goods
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