Two Firms Raise Price Target on Dick’s Sporting Goods (DKS)

On Thursday, two firms raised their price targets on sporting goods retailer Dick’s Sporting Goods Inc (DKS).

Credit Suisse reported that it has increased its price target on DKS to $56. This price target suggests a 4% upside from the stock’s current price of $53.56. The firm has also boosted estimates on the company to reflect its updated outlook. Credit Suisse currently has a “Neutral” rating on DKS.

Citigroup also raised its price target on DKS to $63, suggesting a 15% increase from the stock’s current price. Analysts see higher growth opportunities from new stores and higher margins.

Dick’s Sporting Goods shares were up 71 cents, or 1.35%, during Thursday morning trading. The stock is up 17% YTD.