UPDATE: Credit Suisse Initiates Coverage On Dick's Sporting Goods
In a report released Monday, Credit Suisse initiated Dick's Sporting Goods (NYSE: DKS) with an Outperform rating and $65 price target.
Analyst Seth Sigman stated that Dick's is a “best in class growth retailer”, boasting a strong management team, giving it a strong risk reward outlook going forward.
Looking into the long-term, the report stated that Dicks was best positioned for growth in e-commerce when it comes to sports retailers, while cautioning that the company needed to show some stability to continue its success.
Dick's opened Monday morning up 0.5 percent to $52.91.
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