Dick’s Sporting price target raised to $185 from $145 at Baird

Baird raised the firm’s price target on Dick’s Sporting to $185 from $145 and keeps a Neutral rating on the shares ahead of its Q4 results. The company’s expectations look achievable, and the initial FY24 guidance should be able to capture consensus estimates, the analyst tells investors in a research note. The firm adds that it continues to have a positive bias on Dick’s Sporting given its impressive share gains and structurally higher margins, though it is also “reluctant” to chase the stock at current levels.