Deutsche Bank Examines Bull and Bear Cases for Dick's Sporting Goods

In a report published Monday, Deutsche Bank analyst Mike Baker reiterated a Buy rating and $51.00 price target on

. In the report, Deutsche Bank noted, “We view DKS as one of the more controversial names in our space. The stock is down 27% YTD, but has been about flat since their big miss reported back in May. In general, bulls see 2014 as a reset year when DKS takes their medicine and reduces exposure to weak categories in favor of better performing products. Bears see pressure from online competition and too much square footage build. In this report, we lay out what we think are the top arguments for and against the stock, listing 7 bull case points and 7 bear case points. We have a Buy rating so generally agree with the bull points, but acknowledge the bear case risks. But we see value in the stock at current levels.” Dick's Sporting Goods closed on Friday at $43.28.