Dick's Sporting shares recommended at Piper Jaffray Piper Jaffray said favorable weather and successful promotions have improved sell-through rates at Dick's Sporting Goods over the last several weeks and that inventory levels are at a good position. The firm recommends purchase and reiterates its Oveweight rating and $59 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.