Loop Capital raised the firm’s price target on Dick’s Sporting to $220 from $200 and keeps a Hold rating on the shares. The company’s Q2 results were “impressive”, featuring a second consecutive quarter of mid-single-digit percentage comparable sales growth, improved profitability, a sizable earnings beat to consensus expectations, and raised guidance, the analyst tells investors in a research note. The performance was all the more notable given the ongoing concerns about the state of the U.S. consumer, the firm added.
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