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Fly News Breaks for May 18, 2016
DKS
May 18, 2016 | 07:06 EDT
Brean Capital analyst Eric Tracy said he has mixed feelings heading into Dick's Sporting Q1 results, adding that he believes the market overestimated the market share grab from the Sports Authority liquidation. He also thinks seasonal headwinds will be mixed against a promotional backdrop. Tracy still likes the story, but would be a more aggressive buyer on pullbacks, he tells investors. The firm keeps a Buy rating and $50 price target on Dick's Sporting shares.
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