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Fly News Breaks for January 31, 2017
NKE, FL, DKS
Jan 31, 2017 | 06:01 EDT
Citi analyst Kate McShane says the 16% selloff from the stock's early December high creates an attractive entry point for Dick's Sporting Goods (DKS). The company is positioned to benefit from the potential bankruptcies of Eastern Mountain Sports and Bob's Stores, as reported last week by the New York Post, McShane tells investors in a research note. The analyst revised her coverage rankings, moving Dick's up to the number three spot behind Foot Locker (FL) and Nike (NKE). McShane keeps a Buy rating on Dick's with a $68 price target.
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