Truist raised the firm’s price target on Dick’s Sporting to $243 from $201 and keeps a Buy rating on the shares. The company reported a “strong” Q4 earnings beat as demand for sporting goods remains solid and its leading omni-channel offerings/premium shopping experience continue to drive share gains, the analyst tells investors in a research note. The 2024 outlook for Dick’s Sporting also looks conservative, especially considering meaningful beats in Q3-Q4, the company’s recent momentum, and an improving operating environment, the firm added.
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