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Dick’s Sporting price target raised to $150 from $120 at Baird
The Fly

Dick’s Sporting price target raised to $150 from $120 at Baird

Baird analyst Justin Kleber raised the firm’s price target on Dick’s Sporting to $150 from $120 and keeps a Neutral rating on the shares. The company’s Q4 EPS was "effectively in line with consensus," but its favorable FY23 guidance reinforces management’s conviction in a structurally higher sales and earnings profile for the business, the analyst tells investors. While acknowledging structurally higher sales and margins, along a commitment to returning cash to shareholders, could support a further re-rating in shares, Baird is staying Neutral-rated with valuation having largely recovered to the stock’s five-year average.

Published first on TheFly

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