Dick's Sporting Q4 results poised to beat expectations, says Wells Fargo After analyzing sporting goods POS data, Wells Fargo thinks Dick's benefited from the warm weather and strong footwear sales. The firm maintains an Outperform rating on the stock.
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.