TD Cowen analyst John Kernan lowered the firm’s price target on Dick’s Sporting (DKS) to $226 from $234 and keeps a Hold rating on the shares. The firm said the company’s core business is guided to improved flow through in 4Q on albeit slower same-store-sales embedded in guidance which could be conservative. Foot Locker inventory clean up and $500MM- $750MM in charges highlight the complexity in modeling.
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Read More on DKS:
- Dick’s Sporting price target lowered to $245 from $270 at DA Davidson
- Cautious Hold Rating on Dick’s Sporting Goods Amid Concerns Over Foot Locker Acquisition and Leadership Experience
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- Dick’s Sporting price target raised to $225 from $220 at Wells Fargo