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Wedbush raises Dick’s Sporting price target to $155, removes from BIL
The Fly

Wedbush raises Dick’s Sporting price target to $155, removes from BIL

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.

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