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Fly News Breaks for August 16, 2017
DSG, DKS
Aug 16, 2017 | 07:46 EDT
As noted earlier, RBC Capital downghraded Dick's to Sector Perform from Outperform. After the company reported weaker than expected Q2 results, analyst Scot Ciccarelli says that consolidation in the company's sector has caused "an unpredictable pricing environment, elevated channel inventories, and broadened vendor distribution." He says that the company is facing "high earnings risk" that "could last into 2018 and beyond."
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