Big 5 Sporting Goods "neutral," target price raised 06/06/08 - D.A. Davidson & Co. NEW YORK, June 6 (newratings.com) - Analysts at DA Davidson maintain their "neutral" rating on Big 5 Sporting Goods Corporation (BGFV). The target price has been raised from $8.00 to $9.50.
In a research note published this morning, the analysts mention that the valuation levels of the company’s peers have been steady-to-improving in the recent past. Although the overall environment continues to be challenging, the trends for the company have not deteriorated significantly and the downside risk to the estimates for Big 5 Sporting Goods is limited, the analysts say