Dick's Sporting downgraded to Neutral from Conviction Buy at Goldman Goldman Sachs downgraded Dick's Sporting to Neutral from Conviction Buy citing reduced earnings growth expectations following the company's weaker than excepted Q1 results. The firm lowered its price target for shares to $49 from $63.
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.