DKS Removed From Americas Buy List

Dick's Sporting Goods, Inc. DKS has been downgraded to Neutral by Goldman Sachs as store growth and sector share leadership is causing estimates to start coming in more akin to Street and consensus, which were too low for the first half of 2010, Goldman reports. Since adding DKS to the Buy list on 2/3, stock has increased 12% and by 20% in the last twelve months, according to Goldman, and now guidance looks conservative, but forecasts by Goldman track in line with typical sales for the season. Price target has also been lowered to $30 (from $31). Dick's Sporting Goods, Inc. closed yesterday at $25.92.