Truist Securities Maintains Buy Rating for Dick's Sporting Goods: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has reaffirmed its Buy rating on Dick's Sporting Goods (NYSE:DKS) and increased its price target from $134.00 to $154.00. Dick's Sporting Goods' stock is currently trading at $122.25, up 0.54% from the previous day. The new price target suggests a potential upside of 25.97% from the current price. Dick's Sporting Goods sells athletic apparel, footwear, and equipment, and operates around 725 stores and 135 specialty stores under various brand names.
November 22, 2023 | 5:00 pm
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Truist Securities maintains a Buy rating on Dick's Sporting Goods and raises the price target to $154, indicating a potential 25.97% increase from the current price of $122.25.
The reaffirmation of a Buy rating and an increased price target by Truist Securities is a strong positive signal for investors, suggesting confidence in the company's future performance. This could lead to increased investor interest and a potential short-term rise in the stock price, especially considering the significant upside implied by the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100