UPDATE: Imperial Capital Initiates Dick's Sporting Goods at Outperform on Growth Strategy

Imperial Capital initiated coverage on Dick's Sporting Goods

with an Outperform rating and a $57 price target. Imperial Capital commented, "We consider Dick's a best-of-breed retailer with talented management, an impressive track record of strong financial performance, and significant organic growth potential. We believe Dick's market position and size as a leading big-box sporting goods retailer provides it with a sustainable competitive advantage offering one of the broadest and deepest assortments of leading brands, as well as a robust private brand/label offering." Dick's Sporting Goods closed at $47.77 on Monday.