Stifel raised the firm’s price target on Dick’s Sporting to $157 from $112 and keeps a Hold rating on the shares following the company’s Q4 report and FY23 guidance. The firm is now taking "a more constructive view on out-year growth" and margin potential, stating that it now expects Dick’s to drive top line growth and margin expansion in both 2023 and 2024, versus its prior expectation for declines from a 2022 peak.
Published first on TheFly
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