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Fly News Breaks for May 9, 2016
DKS
May 9, 2016 | 08:30 EDT
Canaccord said Dick's Sporting is winning the "battle of attrition" in the sporting goods retailing space and believes the best is yet to come for the company. The firm is citing the Sports Authority's bankruptcy and an upcoming auction for various properties that should see Dick's buying store leases and capturing market share in the areas of the new stores. Canaccord reiterated its Buy rating and $52 price target on Dick's Sporting shares.
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