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Fly News Breaks for March 12, 2019
DKS
Mar 12, 2019 | 15:54 EDT
Baird analyst Peter Benedict said he was encouraged by Dick's Sporting Goods' firmer top-line view for FY19 and he believes shares appear "relatively inexpensive." However, he thinks visibility into the timing of profit stabilization remains low given that investments to enhance the customer experience and improve e-commerce fulfillment make sense but also underscore a higher cost of doing business. Benedict keeps a Neutral rating and $36 price target on Dick's Sporting Goods shares.
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