Analysts: Buy Dick’s on Low Expectations and 3 More Research Notes to Review

Dick’s Sporting Goods (NYSE:DKS): Buckingham recommends buying Dick’s Sporting Goods ahead of its earnings due to low expectations, attractive valuation, and compelling second-half 2013 catalysts that include operating margin expansion, square footage growth, and accelerating free cash flow. The shares are Buy rated with a $66 price target.


Green Mountain Coffee Roasters (NASDAQ:GMCR): Nielsen’s tracked sales data for Green Mountain-owned brands were up 11 percent against 21.5 percent last month, which SunTrust says is the lowest year-over-year growth rate in the past few years. However, the firm notes the company pulled back on promotions given July seasonality, and the analyst would like to see if growth reaccelerates next month. The firm maintains its Buy rating.


MannKind (NASDAQ:MNKD): Piper Jaffray expects MannKind’s formal partnership process to attract multiple pharma companies, but the firm does not expect a deal to get done before Afrezza’s Food and Drug Administration approval, which it expects in second quarter of next year. However, Piper continues to see MannKind as a takeout story, eventually being acquired by its commercial partner. The firm keeps an Overweight rating on the stock.


Lowe’s (NYSE:LOW): Morgan Stanley says that Lowe’s vendor results indicate that second-quarter trends are solid, driven by increased repair and remodeling activity, favorable weather, and strong housing data. The firm expects Lowe’s to report 6 percent second-quarter comparable store sales growth and bumped up its estimates slightly. The shares are Overweight rated with a $47 price target, raised from $45.


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