Wedbush Downgrades Dick's Sporting Goods to Neutral, Lowers Price Target to $115
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Seth Basham has downgraded Dick's Sporting Goods (NYSE:DKS) from Outperform to Neutral and lowered the price target from $155 to $115.
August 23, 2023 | 11:02 am
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Dick's Sporting Goods has been downgraded by Wedbush from Outperform to Neutral, with a lowered price target of $115.
The downgrade from Outperform to Neutral by Wedbush indicates a less optimistic outlook for the company's stock. The lowered price target from $155 to $115 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100