09:06 ET - Dick's Sporting Goods is poised for more sustainable profit growth going forward, and investors don't seem to fully appreciate it yet, UBS analysts say in a research note. They model 8% or greater earnings growth over the next five years, compared with an average of 5% over the five years prior to the pandemic. The retailer has been structurally improving in recent years, resulting in higher margins, free cash flow generation and returns for the foreseeable future, the analysts say. They upgrade the stock to a buy rating. Shares rise 2% to $216.60 premarket. (dean.seal@wsj.com)
(END) Dow Jones Newswires
November 27, 2024 09:06 ET (14:06 GMT)
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