Citi analyst Paul Lejuez lowered the firm’s price target on Dick’s Sporting (DKS) to $220 from $230 and keeps a Neutral rating on the shares. The company’s Q4 comps of up 6.4% were “very impressive” and demonstrate its “strong positioning as a market share winner in the sporting goods category,” the analyst tells investors in a research note. Citi points out Dick’s is ramping investment spending. The firm views the stock’s risk/reward as balanced at current levels.
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