Dick’s Sporting price target raised to $120 from $112 at Citi

Citi raised the firm’s price target on Dick’s Sporting to $120 from $112 and keeps a Neutral rating on the shares post the Q3 report. While sales have come in better than expected this year, margins have been weaker than expected for several quarter, the analyst tells investors in a research note. Given the already highly competitive and promotional environment in Q4, the firm sees risk of another weak margin quarter in Q4. Citi believes the stock’s risk/reward skews more negative near term.