B of A Securities Downgrades Dick's Sporting Goods to Neutral, Lowers Price Target to $125
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Robert Ohmes has downgraded Dick's Sporting Goods (NYSE:DKS) from Buy to Neutral and lowered the price target from $180 to $125.
August 23, 2023 | 11:01 am
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Dick's Sporting Goods has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target of $125.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for the company's stock. The lowered price target from $180 to $125 also suggests that the analyst believes the stock may not perform as well as previously expected in the short term. This could potentially lead to a decrease in the stock's price.
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IMPORTANCE 80
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