$DKS

Analysts adjusted price targets for several companies. RBC and BMO cut targets for FLNC to $4 and $7, respectively. Wells Fargo upgraded ULTA to 'Equal Weight' with a $525 target. HSBC downgraded CPRT to 'Hold' with a $36 target. Baird downgraded DKS to 'Neutral' with a $150 target. Citizens upgraded JBHT to 'Outperform' with a $300 target. ULTA, CPRT, DKS, and JBHT stocks saw notable movements.

BMO Capital initiated coverage on Nike, Dick's Sporting Goods, Deckers Outdoor, and Lululemon with 'Underperform' ratings, citing shifting trends away from athletic wear. Analyst Kelly Crago expects weakening demand and inventory buildups, favoring stocks like Amer Sports and Steve Madden. Nike was rated 'Underperform' with a $30 price target, while Dick's, Lululemon, and Deckers also received 'Underperform' ratings. Crago predicts a shift in demand from athletic to fashion footwear by 2026.

Dick's Sporting Goods (DKS) shares fell after a downgrade to Neutral by Robert W. Baird, citing concerns over the Foot Locker acquisition and reduced 2026 profit outlook. The company faces margin pressures in the athletic footwear market and broader consumer spending challenges. Despite a strong core business, the underperforming acquisition and heavy discounting threaten profits and growth.

Best Buy (BBY) reported Q2 revenue of $9.78B, up 3.6% YoY, beating estimates. Its stock rose 3.7% post-earnings. Dick's (DKS) reported $5.59B revenue, up 53.2% YoY, missing estimates. Its stock fell 24.7%. Sally Beauty (SBH) reported flat revenue of $935.5M, meeting expectations. Bath & Body Works (BBWI) reported $1.51B revenue, down 2.3% YoY, beating estimates. Its stock rose 4.8%.

Zacks Equity Research highlights nVent Electric (NVT) as a Bull of the Day, citing strong AI-related growth, record revenue of $1.5B, and 70% YoY EPS growth. DICK's Sporting Goods (DKS) is named Bear of the Day after missing estimates and cutting FY26 EPS guidance. Oracle (ORCL) reports 30% YoY revenue growth, driven by cloud and AI infrastructure.

DICK’S Sporting Goods (DKS) reported resilience in its core business at the Goldman Sachs conference, citing strong footwear sales and strategic benefits from its Foot Locker acquisition. Despite near-term challenges at Foot Locker, management expects long-term synergies. DKS maintained its comparable store sales guidance and reported a gross margin expansion of 80 basis points in Q2. The company also highlighted investments in experiential stores and digital tools. Foot Locker faces inventory i

Compass Point upgraded Coinbase (COIN) to Neutral with a $177 price target, citing Bitcoin's cyclical recovery. Wolfe Research upgraded Affirm (AFRM) to Outperform with a $90 target, noting favorable risk/reward. UBS upgraded Allegiant Travel (ALGT) and Zions Bancorp (ZION) with price targets of $107 and $78, respectively. Baird downgraded Nike (NKE) to Neutral with a $44 target, citing concerns post-earnings. Other analysts made various upgrades and downgrades across multiple sectors.

AI semiconductor stocks face pressure due to calls for a global slowdown in AI development. OpenAI won't IPO this year. Software and cybersecurity stocks rally. Oil prices rise, bond yields increase. J&J may sell its orthopedics unit. Corning shares drop after a $2B share sale agreement. Analysts downgrade Honeywell, GE, Nike, Dick's, VF, McCormick, and upgrade Affirm.

JPMorgan double-upgraded IREN Limited to Overweight with a $65 target, while GLJ Research initiated GE Vernova with a Sell rating at $470. Oil prices dropped over 2%, and crypto markets were volatile ahead of the Fed's rate decision. Analysts also upgraded Chime Financial and downgraded Accenture, among others.

Baird downgraded Nike, adidas, Dick's Sporting Goods, Rocky Brands, and VF Corp to Neutral, adding bearish 'fresh picks' on Under Armour and Canada Goose. Analyst Jonathan Komp cited rising Q4 risks, including higher oil prices, interest rates, and consumer spending concerns. He noted that apparel stocks have underperformed the S&P 500 this year, and trimmed his Outperform list to high-conviction ideas.