Big 5 Sporting Goods (BGFV) Surges as Deutsche Bank Says 'Buy'
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
In the upgrade report, Deutsche Bank's Mike Baker cited: 1) accelerating sales trends driven by market share gains after competitor liquidations; 2) profitability improvements from better merchandise margins and leverage on stronger sales; 3) higher earnings power from sales and profit increases that we do not yet believe are fully reflected in BGFV’s valuation.
The firm set a $16.50 price target on BGFV.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Agree Realty (ADC) Tops Q3 FFO by 4c
- Jefferies Raises Price Target on FMC Technologies (FTI) After Adjusting Estimates
- UPDATE: Seaport Global Securities Starts Union Pacific (UNP) at Buy
Create E-mail Alert Related CategoriesAnalyst Comments, Trader Talk
Related EntitiesDeutsche Bank, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!