Dick’s Sporting price target raised to $210 from $208 at Jefferies

Jefferies analyst Jonathan Matuszewski raised the firm’s price target on Dick’s Sporting (DKS) to $210 from $208 and keeps a Hold rating on the shares following Q4 results. Long term, Jefferies thinks Foot Locker will see brighter days. It feels premature to underwrite that opportunity, given pilots that may not be representative at scale and lingering headwinds from prior merchandising decisions, the firm told investors. Jefferies added that it remains “unclear” whether the Dick’s banner can continue to execute at a high-caliber while this turnaround unfolds.