MKM Partners Reiterates Buy on Dick's Sporting Goods (DKS) Ahead of 4Q Report

MKM Partners reiterated a Buy rating and $67.00 price target on Dick's Sporting Goods (NYSE: DKS) ahead of the company's 4Q report.

Analyst Patrick McKeever commented, "While we have some concerns about the broader retail environment (many retailers down, traffic negative) and the fluky weather (lack of sustained cold temps in the East), we think Dick's continued to gain market share as the industry continued to rationalize and as marginal players weakened further. We look for another year of meaningful outperformance in FY17, with some moderation in 2H as comparisons get more difficult. And we think risk/reward in the stock (at only 13.6x) is very attractive."

For an analyst ratings summary and ratings history on Dick\'s Sporting Goods click here. For more ratings news on Dick\'s Sporting Goods click here.

Shares of Dick\'s Sporting Goods closed at $52.34 yesterday.

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