Telsey Lowers Dick's Sporting Goods to Market Perform, Cuts Price Target as Foot Locker Recovery Slips
Telsey Advisory Group downgraded Dick's Sporting Goods to Market Perform from Outperform and reduced its price target to $145 from $255, attributing the move to a more difficult recovery trajectory at recently acquired Foot Locker. The action follows Dick's earnings report that missed expectations and included a lowered full-year outlook. Telsey hi…