Deutsche Bank Provided Color on Dick's Sporting Goods, Buy

Deutsche Bank provided color on Dick's Sporting Goods (NYSE: DKS) after a meeting with its management. In a research report published today, Deutsche Bank remained optimistic about Dick's Sporting Goods' future. It currently has a Buy rating and a price target of $46 on the company.

In the report, Deutsche Bank states, "We see a number of Strong product cycles supporting comps including Under Armour's charged cotton, which has debuted well, light weight run- ning shoes, Reebok's Zig sneakers, Taylor Made R11 and Callaway Razor Head drivers, and core training and resistance in the exercise category."

In today's trading, Dick's Sporting Goods lost 1.7% and is currently trading around $37.53.