Truist raised the firm’s price target on Dick’s Sporting (DKS) to $258 from $256 and keeps a Buy rating on the shares. Despite a solid beat, Dick’s Sporting shares were roughly flat, reflecting the high bar into the print, broader tariff concerns, and a softer EPS outlook for Q4, the analyst tells investors in a research note. Management acknowledged the outlook balances broader macro conservatism and the shorter holiday shopping season against their own optimism about their underlying business and Truist sees further upside opportunities.
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Read More on DKS:
- Dick’s Sporting price target raised to $225 from $220 at Loop Capital
- Dick’s Sporting upgraded to Buy from Neutral at UBS
- Dick’s Sporting Goods Reports Strong Q3 Results and Raises 2024 Outlook
- Dick’s Sporting price target raised to $240 from $232 at Stifel
- Baird says ‘comfortable’ buying Dick’s Sporting on any pullback after Q3 results
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