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TRADE ALERT- Two Mixed Comments on Dicks Sporting Goods- Stock Lower (DKS)

Shares of Dick’s Sporting Goods (NYSE: DKS) are down about 1 percent in early trading after two analysts published research notes that were mixed.

Goldman Sachs (NYSE: GS) lowered its Q2 EPS estimate from $0.78 to $0.72. It cited a wet month of June that had an impact on golf and other outdoor team sports. Still, Goldman reiterates its Conviction Buy on the company.

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Cleveland Research said that near-term trends remained challenged for the company through Q2 and that it has taken steps to reduce its forward orders. According to the note, it’s longer-term trend remains strong and its uniquely positioned for market share gains and eCommerce expansion.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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