Dick's Sporting's Q3 should be strong, says at UBS Sterne Agee expects Dick's Sporting Goods to report a strong quarter and an even better Q4. The firm expects upside to its Q4 EPS estimate and for more disciplined capital program to boost shares. Shares are Buy rated with a $58 price target.
News For DKS From The Last 14 Days
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Dick's Sporting downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo downgraded Dick's Sporting Goods to Market Perform citing the recent rebound in shares and its data for August which indicates golf equipment sales continue to be weak. Wells also believes Disk's is near peak sales productivity and that the shift to ecommerce will lead to lower margins. The firm dropped its price target range for shares to $43-$46 from $47-$50.