Jefferies says Dick’s Sporting Goods’ (DKS) Q4 commentary reinforces the firm’s confidence in Nike’s (NKE) product-led wholesale recovery, telling investors that Dick’s management was “unequivocally positive” on Nike, citing strong momentum across both the Dick’s and Foot Locker banners, solid sell-through on high-heat launches, and strength in Nike’s new running innovation. The firm keeps a Buy rating and $110 price target on Nike shares.
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