Truist raised the firm’s price target on Dick’s Sporting to $201 from $174 and keeps a Buy rating on the shares. Despite the stock’s 50% run since reporting Q3 results, there is still “meaningful upside potential” as its near and longer term outlook continues to look better, the analyst tells investors in a research note. Truist Card Data highlights that robust Q4 sales trends have persisted through February, which likely signals continued category demand strength and share gains, the firm added.
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