In a report published Wednesday, Jefferies analyst John Marrin initiated coverage on Dick's Sporting Goods DKS with a Hold rating and $57.00 price target.
In the report, Jefferies noted, “Although we like this growth story, we would look for additional earnings catalysts to emerge before getting involved. The shares have fully recovered from the selloff post 2Q-print, as the market responded to a report from management revealing an improvement in sales trend in early September and then supported by a strong presentation at the company's first Analyst Day in mid-September.”
Dick's Sporting Goods closed on Tuesday at $52.81.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in