Dick's Sporting upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded Dick's Sporting Goods due to easier comps, a strong private label program, store resets that should result in stronger ROIC, and Field & Steam growth opportunities. Price target raised to $65 from $56.
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.