Baird analyst Justin Kleber lowered the firm’s price target on Dick’s Sporting (DKS) to $185 from $230 and keeps a Neutral rating on the shares. The firm updated its model following its announced acquisition of Foot Locker (FL) and said they share the markets skepticism.
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Read More on DKS:
- Dick’s Sporting price target lowered to $180 from $195 at Loop Capital
- Cautious Outlook on Dick’s Sporting Goods Amid Foot Locker Acquisition Challenges
- Strategic Acquisition of Foot Locker Boosts Dick’s Sporting Goods’ Market Presence and Earnings Potential
- Dick’s Sporting price target lowered to $217 from $223 at Barclays
- Foot Locker downgraded to Equal Weight from Overweight at Barclays