UPDATE: Morgan Stanley Raises Dick's Sporting Goods Price Target

In a dated November 18, Morgan Stanley analyst, Simeon Gutman raised the price target of Dick's Sporting Goods from $50 to $51 while maintaining a Equal-weight rating. Following a earnings report that was mostly in-line with expectations, save a few minor misses, Gutman commented, "We believe risk/reward from here is decent as we expect the business to stabilize from some of the disruptions (golf and outdoor in particular) earlier this year." Looking forward, Gutman is predicting an EPS of $1.24 in the fourth quarter.