Dick's Sporting Goods is a "winner in athletic retail" after completing its acquisition of Foot Locker, according to Citi.
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Baird sees shares of Dick's Sporting Goods rising 27% from here.
Dick's Sporting Goods acquired Foot Locker for $2.4 billion. To ensure the tie-up doesn't become a drag on profits, the company…
Dick's Sporting goods said Thursday it plans to buy Foot Locker in a $2.4 billion deal.
Dick's Sporting Goods' merger with Foot Locker led to a 60% increase in sales but a substantial decline in companywide profits.
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Foot Locker has been struggling with flagging sales for years prior to the acquisition.
