Dick’s Sporting price target lowered to $195 from $240 at Loop Capital

Loop Capital analyst Anthony Chukumba lowered the firm’s price target on Dick’s Sporting (DKS) to $195 from $240 and keeps a Hold rating on the shares. The company finished off 2024 on a high note with strong comparable sales growth and a healthy beat to consensus earnings expectations, but the management’s FY25 earnings guidance was disappointing as U.S. macroeconomic environment is clearly softening, the analyst tells investors in a research note. The stock is trading at sizable premiums to its comparable companies and in line with historical average levels, the firm adds.