Dick's Sporting price target lowered to $56 from $61 at Stephens Stephens said its channel checks point to weak sales in the sporting goods sector, but with an improvement in April. The firm lowered its target multiple on shares of Dick's Sporting Goods ahead of its earnings report tomorrow and cut its price target on the stock to $56. Stephens maintains its Equal Weight rating on the shares.
News For DKS From The Last 14 Days
Check below for free stories on DKS the last two weeks.
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.