Stifel raised the firm’s price target on Dick’s Sporting to $215 from $126 and keeps a Hold rating on the shares following “impressive” Q4 results as well as newly revealed store economics that tout “enviable cash-on-cash returns.” Dick’s has rerated towards levels of best-in-class retailers with consistently positive comps and shares appear fully valued given the historic volatility in comps pre-COVID, the analyst tells investors.
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