Wedbush raised the firm’s price target on Dick’s Sporting to $155 from $140, while keeping an Outperform rating on the shares but removing the stock from Wedbush’s Best Ideas List. The firm notes Dick’s Sporting reported Q4 results that were stronger on the top line and mixed on the bottom line with softer operating margins but stronger EBT margins and EPS. The company also provided 2023 guidance that was stronger than both sell-side and buy-side expectations, helping to drive shares up +11% on Tuesday.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DKS:
- Dick’s Sporting price target raised to $175 from $165 at Morgan Stanley
- Dick’s Sporting price target raised to $148 from $125 at JPMorgan
- Dick’s Sporting price target raised to $175 from $138 at Oppenheimer
- Dick’s Sporting price target raised to $144 from $140 at Citi
- Dick’s Sporting price target raised to $174 from $139 at Barclays