Dick’s Sporting price target lowered to $200 from $230 at Loop Capital

Loop Capital lowered the firm’s price target on Dick’s Sporting to $200 from $230 and keeps a Hold rating on the shares. Dick’s prices are 4.8% more expensive than its competitors on average, in line with May, and the total basket price gap narrowed considerably, the analyst tells investors in a research note. The firm believes there is downside risk to current consensus earnings expectations.