Truist lowered the firm’s price target on Dick’s Sporting (DKS) to $230 from $245 and keeps a Buy rating on the shares. The firm says that while it believes the full year guidance affirmation and solid Q1 performance were largely in-line with/slightly above investor expectations, the Foot Locker (FL) acquisition remains an overhang and concerns about macro pressure in the second half of 2025 persist. In Truist’s view, it will likely take some more time for investors to digest the Foot Locker deal but in the meantime, the firm expects the company’s competitive advantages to continue driving upside.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKS:
- Buy Rating Justified for Dick’s Sporting Goods Amid Strong Performance and Strategic Growth Initiatives
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories
- Unusually active option classes on open May 28th
- DKS Earnings: Dick’s Sporting Goods Stock (DKS) Accelerates after Strong Q1 Earnings
- Morning Movers: Abercrombie & Fitch skyrockets following first quarter results
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue