UPDATE: Piper Jaffray Raises Price Target on Dick's Sporting Goods to $49

By Steven Anfield
Benzinga Staff Writer
November 16, 2011 8:17 AM

Symbols: DKS

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Piper Jaffray, Dick's Sporting Goods (NYSE: DKS) price target is raised to $49.

Piper Jaffray said that DKS reported adjusted FQ3 EPS of $0.33, ahead of both consensus and PJC estimates of $0.26. “We are optimistic on DKS as we enter Q4 and believe the company will see strong sales over the holiday season.”

Dick's Sporting Goods closed yesterday at $41.41.

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UPDATE: Piper Jaffray Raises Price Target on Dick's Sporting Goods to $49

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