Telsey Advisory lowered the firm’s price target on Dick’s Sporting (DKS) to $220 from $250 and keeps an Outperform rating on the shares. The firm expects continued pressure on the company’s shares in the near term as investors analyze the rationale, execution risk, and capital priorities regarding its deal with Foot Locker (FL), the analyst tells investors. Telsey does believe, however, that Dick’s can unlock value from Foot Locker and believes it can continue to drive further profitable share gains over the long term.
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Read More on DKS:
- Foot Locker price target raised to $24 from $20 at Telsey Advisory
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- Cautious Hold Rating on Dick’s Sporting Goods and Foot Locker Merger Amid Execution Risks and Strategic Challenges
- Foot Locker price target raised to $24 from $14 at Baird
- Dick’s Sporting price target lowered to $185 from $230 at Baird