Truist raised the firm’s price target on Dick’s Sporting to $243 from $201 and keeps a Buy rating on the shares after Dick’s posted a “strong” Q4 beat. Demand for sporting goods remains “solid,” the company’s omni-channel offerings and premium shopping experience continue to drive share gains and its House of Sport concept stores are performing well and generating strong returns, says the firm. Truist, which adds that it thinks the company’s 2024 outlook “looks conservative,” remain buyers of the Dick’s shares.
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