Information Provided By:
Fly News Breaks for May 17, 2017
DKS
May 17, 2017 | 07:29 EDT
After Dick's reported lower than expected Q1 comp sales, RBC Capital analyst Scot Ciccarelli notes that the company's trends "improved sharply" last month. He adds that the company should benefit from slowed store growth and cheaper wholesale prices. The analyst says that the stock is "too inexpensive to sell at current levels," and notes that the shares' valuation is 20% below that of Best Buy (BBY). He cut his price target on Dick's to $50 from $61 but keeps an Outperform rating on the shares.
News For DKS From the Last 2 Days
There are no results for your query DKS