Dick's Sporting Goods Inc. /zigman2/quotes/200566298/composite DKS +0.09% was upgraded to outperform from market perform at Cowen on the potential for share gains in sneakers. Cowen raised its price target to $50 from $36. A Cowen proprietary survey found that an increasing percentage of respondents said they would head to Dick's Sporting Goods to buy a pair of sneakers, up to 12% in May from 10% average in 2019. Foot Locker Inc. /zigman2/quotes/204092533/composite FL -1.74% is still the more preferred retail choice for sneakers, with 23% of May respondents saying they would buy from there. Dick's was the top choice for sporting goods with 35% in May, up from 33% last year, followed by Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.41% with 26%. Cowen is also optimistic about the prospects for Dick's e-commerce initiatives, including buy-online-pickup-in-store. Dick's stock is down 2.1% in Wednesday trading, and down 18% for the year to date. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.02% has fallen 4.3% for 2020 so far.