Dick's (DKS) Shares Bouncing Slightly as Needham Upgrades to Buy Amid Disappointing Earnings

Shares of Dick's Sporting Goods (NYSE: DKS) are ticking higher in early-afternoon trade following an intraday upgrade from an analyst at Needham & Company.

The firm lifted its investment rating on the sporting-goods retailer from Hold to Buy, and also set a $45 price target.

Dick's shares are down 1.7 percent Tuesday following Q1 results from the company this morning.

With the stock last trading around $39.94, Needham's new price target suggests potential upside of about 13 percent.

For more ratings news on Dicks Sporting Goods click here and for the rating history of Dicks Sporting Goods click here.

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