Dick's Sporting Goods (DKS) PT Raised to $230 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the price target on Dick's Sporting Goods (NYSE: DKS) to $230.00 (from $200.00) while maintaining a Hold rating.

The analyst commented: "DICK'S Sporting Good’s F1Q 2024 results were impressive in our view, as highlighted by a sequential acceleration in comparable store sales growth (including on a two-year stacked basis), a sizable earnings beat to consensus expectations, and raised F2024 guidance. We thought the company's performance was all the more notable given growing concerns about the state of the US consumer. We are raising our Dick's price target to $230 from $200 but are maintaining our Hold rating given valuation concerns."

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