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Fly News Breaks for May 5, 2016
DKS
May 5, 2016 | 08:21 EDT
As previously reported, Morgan Stanley downgraded Dick's Sporting Goods to Underweight from Equal Weight with a $39 price target. Analyst Simeon Gutman expects ROIC to be pressured over time given the imbalance between store only comps, which are down 1.4%, and square footage growth, up 7.1%, and said new stores equating to higher sales may no longer apply in the omni-channel world.
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