Baird Maintains Neutral Rating for Dick's Sporting Goods: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baird has maintained its Neutral rating for Dick's Sporting Goods (NYSE:DKS) but raised its price target from $145.00 to $185.00. The shares of Dick's Sporting Goods have seen a 0.95% increase over the last 24 hours, trading at $182.20 per share. A move to $185.00 would represent a 1.54% increase from the current price. Dick's Sporting Goods, founded in 1948, operates around 725 stores and specializes in athletic apparel, footwear, and equipment, carrying both private-label and national brands.
March 12, 2024 | 5:00 pm
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Baird maintains Neutral rating on Dick's Sporting Goods but raises price target from $145 to $185. Shares currently trading at $182.20.
The increase in the price target by Baird reflects a positive outlook on Dick's Sporting Goods, suggesting potential for further share price appreciation. Given the current trading price is close to the new target, the short-term impact is likely positive but modest, as the market may have already priced in some of the optimism.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100