Telsey Advisory raised the firm’s price target on Dick’s Sporting (DKS) to $255 from $240 and keeps an Outperform rating on the shares. The company’s consistent and strong results at its core business as well as the progress on cleaning Foot Locker’s inventory and encouraging results from the Fast Break store refresh initiative has given Telsey greater confidence in the company’s ability to turn around the Foot Locker business, the analyst tells investors.
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