Truist raised the firm’s price target on Dick’s Sporting (DKS) to $280 from $258 and keeps a Buy rating on the shares. The firm remains “impressed” by the company’s execution on its strategic initiatives and the management’s ability to elevate the shopping experience and strengthen relationships with key vendor partners, the analyst tells investors in a research note. Brands are allocating a wider and deeper breadth of their most premium assortments to Dick’s, which in-turn further improves the customer shopping experience, the firm added.
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