Citi lowered the firm’s price target on Dick’s Sporting to $230 from $243 and keeps a Neutral rating on the shares. While the company’s Q2 was another solid quarter, the results and guidance fell short of high market expectations, the analyst tells investors in a research note. The firm believes Dick’s earnings upside in the second half of the year “seems more limited.” It thinks the risk/reward is balanced at current levels.
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