Goldman Sachs Upgrades Dick's Sporting Goods (DKS) to Buy, Says Co Is Well Positioned In A Post-TSA World

Goldman Sachs upgraded Dick's Sporting Goods (NYSE: DKS) from Neutral to Buy with a price target of $62.00.

Analyst Stephen Tanal comments "DKS is well-positioned to reap the rewards of market share consolidation in retail sporting goods, tangibly and immediately through organic sales and earnings growth driven by market share gains wrought from the demise of The Sports Authority and, intangibly but also importantly, via improved clout with key vendors that is translating to improved product allocations. This is playing out just as DKS transitions to a fully in-sourced eCommerce operation, which should rebase the profitability of that business. Skepticism surrounding what we consider to be high-visibility earnings growth has created another tactical opportunity to Buy DKS."

For an analyst ratings summary and ratings history on Dick\'s Sporting Goods click here. For more ratings news on Dick\'s Sporting Goods click here.

Shares of Dick\'s Sporting Goods closed at $51.31 Friday.

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Keefe, Bruyette & Woods Upgrades Trustmark (TRMK) to Outperform
• Employers Holdings (EIG) Misses Q1 EPS by 2c