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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
