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Fly News Breaks for May 20, 2016
DKS
May 20, 2016 | 07:13 EDT
Brean Capital said the recent pullback in Dick's Sporting has improved the stock's risk/reward. The firm lowered its price target to $47 from $50, citing near-term liquidation pain from the Sports Authority bankruptcy, but noted Q1 results from Dick's were better than feared and the company's guidance has de-risked the shares somewhat. Brean Capital reiterated its Buy rating on Dick's Sporting shares.
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