Dick's Sporting removed from Analyst Focus List at JPMorgan JPMorgan removed Dick's Sporting from its Analyst Focus List after lowering its FY13 estimates for the company below consensus. The firm expects Q2 to mark the third consecutive quarter of lower than forecasted same-store-sales growth due to weather and softer consumer spending. JPMorgan lowered its Q2 same-store-sales estimate to 1% from 3.9% and its Q2 earnings estimate to 75c from 77c. The firm dropped its price target for shares to $60 from $61 but keeps an Overweight rating on the name.
News For DKS From The Last 14 Days
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Dick's Sporting price target raised to $62 from $59 at RW Baird Baird raised its price target on Dick's Sporting following solid Q3 results. The firm cited improved traffic. easier comps, and good positioning over the next few quarters. Shares are Outperform rated.