DA Davidson raised the firm’s price target on Dick’s Sporting (DKS) to $270 from $250 and keeps a Buy rating on the shares. The firm is updating its model to include estimates for the combination with Foot Locker, the analyst tells investors in a research note. Operating margins will decline in FY25 due to Foot Locker’s lower profit rate, but should improve on that base as Dick’s Sporting identifies sourcing and labor efficiencies, the firm added.
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