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Fly News Breaks for March 14, 2018
DKS
Mar 14, 2018 | 08:59 EDT
MKM Partners analyst Patrick McKeever raised his price target on Dick's Sporting Goods to $34, saying the company's Q4 earnings showed margin decline that was not as large as feared. McKeever keeps his Neutral view on the stock however, pointing to Q4 comps growth at the weakest level since FY17 in spite of the generally favorable weather patterns. The analyst also points to a "meaningful e-commerce shortfall" due to intermittent website issues, even as the management claims that the technical issues have been resolved.
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