Dick’s Sporting price target lowered to $180 from $195 at Loop Capital

Loop Capital lowered the firm’s price target on Dick’s Sporting (DKS) to $180 from $195 and keeps a Hold rating on the shares. The proposed Foot Locker (FL) acquisition is confounding given the uncertain current US macroeconomic environment, a potential US/China trade war, and Foot Locker’s continued struggles, the analyst tells investors in a research note. The only potential “silver linings” are the greater leverage Dick’s will have with large athletic footwear and apparel manufacturers and the fairly reasonable price the company is paying, Loop adds.

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