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Fly News Breaks for April 14, 2016
DKS
Apr 14, 2016 | 07:56 EDT
Canaccord analyst Camilo Lyon said the firm's recent checks of closing The Sports Authority stores indicate that promotions are running 10%-30% off everything in the store and he believes the "tame" level of promotions likely limits the negative impact to neighboring Dick's stores thus far. The analyst keeps a Buy rating on Dick's Sporting and raised his price target on the stock to $52 from $50.
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