Morgan Stanley Maintains Overweight on Dick's Sporting Goods, Lowers Price Target to $145-Report Released on 13th Nov 2023
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 | 2:58 pm
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Morgan Stanley has maintained an Overweight rating on Dick's Sporting Goods but lowered the price target from $150 to $145.
While the Overweight rating suggests Morgan Stanley's positive outlook on DKS's performance, the reduction in price target could imply a slightly tempered expectation for the stock's growth potential. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the reaffirmation of confidence and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100