DA Davidson raised the firm’s price target on Dick’s Sporting (DKS) to $250 from $230 and keeps a Buy rating on the shares. The company delivered another beat and raise, with strong comps and an increase in gross margins and guidance, the analyst tells investors in a research note. Dick’s continues to benefit from their growing important to all vendors in the space as the key retail partner, while its market share gains are not slowing down, driven by ticket and traffic upside, the firm added.
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