Morgan Stanley Maintains Overweight on Dick's Sporting Goods, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on Dick's Sporting Goods (NYSE:DKS) but reduced the price target from $150 to $145.
November 14, 2023 | 2:19 pm
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Morgan Stanley has maintained its Overweight rating on Dick's Sporting Goods but lowered the price target from $150 to $145.
The reduction in price target by Morgan Stanley could have a mixed impact on DKS's stock price. While the Overweight rating suggests a positive outlook, the lowered price target may indicate a tempered expectation for the stock's growth potential. Investors may react to the new price target, but the reaffirmation of the Overweight rating could balance out any negative sentiment.
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