Needham & Company Maintains a 'Buy' on Dick's Sporting Goods (DKS); Expecting Solid 3Q Results With Positive Surprises Possible

Needham & Company maintains a 'Buy' on Dick's Sporting Goods (NYSE: DKS) price target of $45.00.

Needham analyst says, "DKS will report 3Q results on Tuesday 11/15/11. We project EPS of $0.26 and sales of $1.16B in line with consensus expectations. We believe positive surprises are more likely than negative, but that management will maintain its cautious/conservative posture ahead of the holiday season. Our current estimates call for 2011 year end EPS of $1.95 on sales of $5.22 B."

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 $39.99 yesterday.

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