Why Analysts Upgraded Dick’s Sporting Goods
On February 15, CFRA upgraded its rating on Dick’s Sporting Goods (DKS) to “hold” from “sell” and upped the price target to $34 from the $27 projected earlier, according to a MarketWatch report. The upgrade came because some brands that sell their merchandise at Dick’s Sporting Goods reported encouraging sales trends. Dick’s Sporting Goods stock price was down marginally by 0.2% on February 15, 2018.