** Dick's Sporting Goods DKS.N on Tuesday missed estimates for third-quarter profit and warned of up to $750 million in charges tied to a review of its recently acquired Foot Locker business

** The company's shares closed at $206.73 on Tuesday following the results

DICK'S TO "CLEAN OUT THE GARAGE" FOR FOOT LOCKER

** J.P. Morgan ("neutral"; PT: $228): Foot Locker performance drives higher uncertainty, remain concerned that the footwear cycle is slowing and co's global store footprint could pressure stock

** D.A. Davidson ("buy"; PT: $245): Still not a sure bet that DKS will be able to turn around FL, but the 3Q/4Q numbers should not be seen as indicative of FL's potential

** TD Cowen ("hold"; PT: $226): Unclear what benefits will carry into FY26, but management re-affirms the deal will add to earnings even without buybacks "which surprised us"

** Jefferies ("hold"; PT: $208): Any deceleration into 2026 could support a growing narrative of "distraction" from its main business

** Telsey Advisory Group ("outperform"; PT: $245): FL results were weaker than expected, but Dick's is uniquely positioned to improve the business given its sector expertise, relationship with brands, and track record of execution

** Oppenheimer ("outperform"): Believes Dick's and FL's merger will create a bigger player in fragmented sporting goods market, with potential for higher sales and earnings over the next few years

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))