Dick's Sporting Goods: Winning The Retail Game, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory analyst Joseph Feldman reiterated an Outperform rating on Dick's Sporting Goods (NYSE: DKS) with a price target of $160. The company had a solid 1Q23 with inline sales and better-than-anticipated gross margin. However, the macroeconomic environment and higher costs remain potential headwinds.
May 23, 2023 | 6:29 pm
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Analyst reiterates Outperform rating on Dick's Sporting Goods with a price target of $160. The company had a solid 1Q23, but macroeconomic headwinds remain.
The Outperform rating and price target of $160 indicate a positive outlook for DKS. The company's solid 1Q23 results and better-than-anticipated gross margin support this view. However, the macroeconomic environment and higher costs could pose challenges, which is why the importance is not at 100.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100