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Fly News Breaks for July 14, 2016
DKS
Jul 14, 2016 | 07:35 EDT
As noted earlier, RBC Capital upgraded Dick's to Outperform from Sector Perform. The firm thinks that the company has a number of potential positive catalysts going forward, including reduced disruption from the Sports Authority's liquidation in Q2 and Q3 and potential benefits from the liquidation next year, along with reduced spending on e-commerce in 2017. The firm thinks that the company is largely getting a free pass from investors this year, making its risk/reward ratio positive. Target to $56 from $41.
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