UBS Maintains a 'Buy' on Dick's Sporting Goods (DKS); Pulling Ahead of the Pack
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Price: $52.21 +0.21%
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
19 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade DKS Now!
UBS maintains a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target raised from $45 to $52.
UBS analyst says, "With storylines ranging from accelerating unit growth (above the 8% it achieved in ’11) to easier comparisons due to weather and execution slip-ups, DKS’ shares are set up very well for the coming 12 months and beyond. Next week, the market will get a first look at how Dick’s is planning for 2012. This has a good chance to be a positive near-term catalyst for the stock. We like the risk-reward into the event."
UBS raises FY12 EPS estimate from $2.00 to $2.02 and FY13 from $2.35 to $2.50.
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 $45.34 yesterday, with a 52 week range of $29.10-$45.72.
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UBS analyst says, "With storylines ranging from accelerating unit growth (above the 8% it achieved in ’11) to easier comparisons due to weather and execution slip-ups, DKS’ shares are set up very well for the coming 12 months and beyond. Next week, the market will get a first look at how Dick’s is planning for 2012. This has a good chance to be a positive near-term catalyst for the stock. We like the risk-reward into the event."
UBS raises FY12 EPS estimate from $2.00 to $2.02 and FY13 from $2.35 to $2.50.
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 $45.34 yesterday, with a 52 week range of $29.10-$45.72.
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