Dick's Sporting Goods Upgraded on Market Share Opportunity

Shares of Dick's Sporting Goods (DKS) - Get Report were higher Thursday as Oppenheimer raised its rating on the stock to OUTPERFORM from MARKET PERFORM. Analysts with Oppenheimer said it had been cautious because of the company's less-than-optimal deployment strategy and perceived challenges in the sporting goods sector. But now, analysts are optimistic about the sporting goods retailer's ability to capitalize on increasingly available market share in the sector. Oppenheimer put a $75 price target on the shares.

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