Dick’s Sporting price target lowered to $252 from $275 at Truist

Truist lowered the firm’s price target on Dick’s Sporting (DKS) to $252 from $275 but keeps a Buy rating on the shares after its Q4 results. The company’s core business remained solid, with better-than-expected top-line momentum and solid margins, though incremental near-term pressure associated with Foot Locker reset actions has fueled investor concerns about the merger, the analyst tells investors in a research note. Truist adds however that it remains bullish on the company’s competitive moat and sees opportunities to improve Foot Locker with upgrades to product assortment and stores.