Dick's Sporting Goods rises after Citigroup upgrades to 'buy'

Dicks Sporting Goods

09/09/2025 12:36

** Shares of Dick's Sporting Goods DKS.N rise ~2% to $216.77 premarket

** Citigroup upgrades stock to "buy" from "neutral," citing DKS and FL combination will be "powerful force" in athletic footwear and apparel; raises PT to $280 from $225

** Brokerage adds new DKS's buying power with largest and most sought-after brands in athletic should make them "category killer"

** "Although the DKS product assortment would be considered discretionary by most, there is a needs-based component...Youth sports require equipment that is always getting updated, and kids are always growing," brokerage says

** Eleven of 26 brokerages rate stock "buy" or higher and 15 "hold"; median PT is $234.50 - data compiled by LSEG

** Upto last close, shares down about 2% YTD

 (Reporting by Anshi Sancheti)

 ((Anshi.Sancheti@thomsonreuters.com))