Dick's Sporting price target raised to $67 from $60 at Canaccord Canaccord raised its price target on Dick's Sporting following Q4 earnings citing strength in its e-commerce business, in-store comps, margins growth, and improving profitability profile. Shares are Buy rated.
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.