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Fly News Breaks for February 24, 2016
DKS
Feb 24, 2016 | 06:33 EDT
B. Riley analyst Mitch Kummetz upgraded Dick's Sporting Goods to Buy and increased his price target to $51 from $41 on shares. The analyst believes analyst expectations have been reset and investors are looking past Q4. Kummetz said cold weather helped inventory clearance and the warm forecast for Spring should help Q1. Additionally, the analyst expects Dick's Sporting to benefit from The Sports Authority store closings.
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