Morgan Stanley analyst Simeon Gutman raised the firm’s price target on Dick’s Sporting (DKS) to $253 from $232 and keeps an Overweight rating on the shares. The sixth quarter in a row with greater than 4% comp sales growth “underscores the power of its value proposition as an ecosystem,” says the analyst, who believes Dick’s is undervalued given its growth potential and durability as a share gainer.
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Read More on DKS:
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