UBS Investment Research Reiterates Buy Rating, $59 PT on Dick's Sporting Goods on Expected EPS Upside - Dick's Sporting Goods (NYSE:DKS)

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In a report published Monday, UBS Investment Research analyst Michael Lasser reiterated a Buy rating and $59.00 price target on

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Dick's Sporting Goods

(NYSE: DKS).In the report, UBS Investment Research noted, “We think DKS is in a position where it needs to restore a positive earnings revision cycle to support its stock and push it to the next level. We think it's in a good spot to do so. On several occasions through its 3Q, DKS noted that it was experiencing better than expected trends. While it might have experienced some volatility in the second half of the period, DKS probably had enough momentum to push it past the goal line and make our estimates of -2% comp and EPS of $0.40 (vs. the consensus of $0.39). This should drive the company's shares forward.”Dick's Sporting Goods closed on Friday at $55.83.