Piper Jaffray Upgrades Dick’s Sporting Goods, Inc. (DKS) To Overweight Rating

Analysts Mitchell A. Kaiser and Jonathan N. Berg at Piper Jaffray have upgraded Dick’s Sporting Goods, Inc. DKS from Neutral to Overweight rating. The price target for the company has been raised from $31 to $34. Dick’s Sporting Goods reported its first-quarter results on Tuesday. Analysts believe that improving comp trends and easy gross margin comparison resulting from markdowns at Golf Galaxy last year will lead to strong earnings growth through F10 and F11.