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Dick’s Sporting initiated with a Hold at Jefferies
The Fly

Dick’s Sporting initiated with a Hold at Jefferies

Jefferies initiated coverage of Dick’s Sporting with a Hold rating and $155 price target. The company is a "best-in-class" sports retailer but the shares have few upside catalysts on the horizon, the analyst tells investors in a research note. The analyst likes Dick’s "superior" capacity for experiential in-store investment but sees expectations for 2023 merchandise margin expansion at risk.

Published first on TheFly

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