Dick's Sporting Goods (DKS) PT Lowered to $232 at Morgan Stanley

Morgan Stanley analyst Simeon Gutman lowered the price target on Dick's Sporting Goods (NYSE: DKS) to $232.00 (from $255.00) while maintaining a Overweight rating.

The analyst comments "Steady core Dick's banner comp momentum as it expands its relationship with key brand partners and elevates the shopping experience for its athlete customer base. Operating leverage to re-engage during 2H25e, absent macro headwinds. FL integration an important driver. Remain OW, lower PT to $232."

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