Morgan Stanley lowered the firm’s price target on Dick’s Sporting (DKS) to $250 from $260 and keeps an Overweight rating on the shares. While growth and investments will be balanced in 2026, the Dick’s business’ underlying momentum remains “solid” and Foot Locker’s “Fast Break” initiative is “promising,” the analyst tells investors. However, fewer Foot Locker closures mean lower profitability in 2026, the analyst added.
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