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Fly News Breaks for November 18, 2015
DKS
Nov 18, 2015 | 07:14 EDT
Stephens analyst Rick Nelson believes the sales weakness and inventory issues pointed to by Dick's Sporting for its reduced guidance are industry-wide challenges that will lead to increased holiday promotions. Nelson continues to view Dick's as the strongest big box sporting goods retailer, but also believes its near-term catalysts are limited, prompting him to lower his price target to $42 from $59. The analyst keeps an Equal Weight rating on Dick's shares.
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