Dick’s Sporting price target lowered to $230 from $245 at Truist

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.