JPMorgan lowered the firm’s price target on Dick’s Sporting (DKS) to $195 from $224 and keeps a Neutral rating on the shares. The company’s confidence around the momentum in its business remains unchanged, the analyst tells investors in a research note. The firm says that while fundamental strength continues with Dick’s “operating at another level,” the Fool Locker (FL) takeover “remains an overhang.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKS:
- Hold Rating on Dick’s Sporting Goods Amid Acquisition Uncertainties and Strong Operational Performance
- Dick’s Sporting price target raised to $232 from $217 at Barclays
- Buy Rating for Dick’s Sporting Goods: Strong Financial Performance and Strategic Initiatives Drive Positive Outlook
- DICK’S Sporting Goods Reports Strong Q1 and Strategic Moves
- DICK’S Sporting Goods Q1 Earnings Call Highlights