Shares of DICK'S Sporting Goods (DKS) rose 2.2% to 2.4% in pre-market trading on August 10, 2026. Wells Fargo upgraded the stock to Overweight from Equal Weight. The firm also raised its price target from $220 to $240.
Analysts cited recent price weakness as an attractive entry point for investors. The upgrade stems from an optimistic multi-year outlook for the company’s Foot Locker business. Wells Fargo expects the retailer to benefit from upcoming Nike product launches and higher margins.