JPMorgan raised the firm’s price target on Dick’s Sporting (DKS) to $240 from $228 and keeps a Neutral rating on the shares. JPMorgan also placed the shares on “Positive Catalyst Watch” ahead of the earnings report on May 27. Based on its data and channel work, the firm increased Dick’s Sporting’s Q1 core comp estimate to up 4.8% from 3.4%. The company’s footwear momentum is continuing in addition to ongoing sports and healthy living engagement, the analyst tells investors in a research note.
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