- Goldman Sachs upgrades Dick's Sporting Goods (NYSE:DKS) to a Buy rating from Neutral.
- "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," notes analyst Stephen Tanal.
- "Skepticism surrounding what we consider to be high-visibility earnings growth has created another tactical opportunity to Buy DKS," he adds.
- GS sets a price target of $62 on Dick's to rep 19% upside potential.