Dick’s Sporting price target raised to $275 from $248 at Truist

Truist raised the firm’s price target on Dick’s Sporting (DKS) to $275 from $248 and keeps a Buy rating on the shares. The firm is updating its model to include the Foot Locker acquisition, stating that most investors were very negative on the deal when it was first announced, but sentiment has modestly improved over the past few months, the analyst tells investors in a research note. Investors are getting more bullish on the core story behind Dick’s Sporting as there is now increased optimism that the addition of Foot Locker will not derail its core strong trajectory and that Nike’s (NKE) turnaround is progressing, Truist added.