Loop Capital raised the firm’s price target on Dick’s Sporting to $150 from $125 and keeps a Hold rating on the shares. The firm’s latest pricing study shows that Dick’s prices are 4.3% more expensive than its competitors on average, which is in line with the November survey, though that said, Loop is encouraged by the higher percentage of items priced within 1% of the other stores surveyed and believes that Dick’s will benefit from the favorable U.S. macroeconomic backdrop in FY24, the analyst tells investors in a research note.
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