Citi downgrades Dick's Sporting Goods on slowing demand concerns, says margin pressures linger
A tough outlook for 2023 may weigh on shares of Dick's Sporting Goods in the near term, according to Citi. Analyst Paul Lejuez downgraded the sports retailer's stock to neutral from buy, citing concerns of near-term gross margin pressures as excess inventory lingers and demand potentially slows.…
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