Nike, Dicks Sporting Goods Top Picks At Bank Of America

In a note out Wednesday, Bank of America likes Dicks Sporting Goods Inc DKS and Nike Inc NKE as the top athletic picks.

Analyst Robert F. Ohmes states:

"We believe Dick's Sporting Goods remains an important tenant for key REITs (including Simon Properties), which should support the company's store growth outlook (6-7%). Dick's Sporting Goods appeared unpromotional in key seasonal categories including Nike apparel and North Face and Columbia. Nike stood out as well positioned and relatively unpromotional in footwear and apparel in all channels (Macy's, Dick's Sporting Goods, Foot Locker and Finish Line)."

Bank of America has a Buy rating on Nike with a $110 price target (closed at $97.03, implying 13.37 percent upside) and has a Buy rating on Dicks Sporting Goods with a $60 price target (closed at $47.85, implying a 25.39 percent upside).