ONON - Dick's Sporting Goods Emerges As A Promising Buy: Analyst Cites Strong Ties With Nike On Holding & More | Benzinga
Truist Securities analyst Joseph Civello initiated coverage on Dick's Sporting Goods Inc (NYSE: DKS) with a Buy rating and a price target of $134.
The analyst notes Dick's Sporting Goods shares are down (~22%) since 2Q23 EPS (vs. a ~flat S&P 500), which presents a compelling buying opportunity for the largest sporting goods retailer in the U.S.
Investors are undervaluing key structural improvements that the company has made since 2019 due to NT industry pressures, the analyst adds.
After years of focusing primarily on growing their DTC channels, many sports apparel/footwear vendors are once again leaning into ...