Truist maintained a Buy rating and $256 price target on Dick’s Sporting Goods following the company’s Q2 earnings report. Dick’s Q2 beat expectations, but Truist noted that management’s raised guidance “looks conservative,” and the stock fell 7% in Wednesday trading. Truist, however, sees strong momentum and believes the underlying long-term growth story remains intact, and believes this weakness is a “great entry point” into the stock.
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