UPDATE: Credit Suisse Initiates Dicks Sporting Goods at Outperform

In a report released Monday May 12th, Credit Suisse initiated Dicks Sporting Goods

with an Outperform rating and $65 price target. Analyst Seth Sigman stated that Dick's is a “best in class growth retailer”, boasting a strong management team, giving it a strong risk reward outlook going forward. Looking into the long-term, the report stated that Dicks was best positioned for growth in e-commerce when it comes to sports retailers, while cautioning that the company needed to show some stability to continue its success. Dick's opened Monday morning up 0.5% to $52.91.