Dick’s Sporting price target raised to $232 from $217 at Barclays

Barclays raised the firm’s price target on Dick’s Sporting (DKS) to $232 from $217 and keeps an Overweight rating on the shares. The company’s Q1 results were in-line with the preliminary results, the analyst tells investors in a research note. The firm is “encouraged” by the 4.5% comps, driven by both average ticket and transactions growth and gross margin expansion, reaffirming its view of Dick’s “dominant positioning within its space.”