Gordon Haskett ups Dick’s to Hold as Foot Locker fears take time playing out

As previously reported, Gordon Haskett upgraded Dick’s Sporting (DKS) to Hold from Reduce with a $220 price target, citing the belief that the stock could perform better than the firm previously thought as its Foot Locker (FL) fears could take time to play out. Foot Locker remains an early stage turnaround facing potentially increasing structural headwinds and notable operational differences from Dick’s and the firm continues to have concerns about the deal, the analyst added.