Dick's Sporting growth outlook still intact, says Sterne Agee After Dick's reported in-line Q4 results, Sterne Agee thinks the company's traffic building initiatives are starting to bear fruit. The firm expects the company's SSS to continue to rebound, leading to multiple expansion. It keeps a $64 price target and Buy rating on the shares.
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.