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Fly News Breaks for August 17, 2016
DKS
Aug 17, 2016 | 05:34 EDT
Goldman Sachs analyst Stephen Tanal downgraded Dick's Sporting Goods to Neutral from Conviction Buy while raising his price target for the shares to $61 from $56. The sporting goods retailer closed yesterday up $3.89 to $58.76. Dick's yesterday reported "strong" Q2 results that confirmed share gains from its rival, The Sports Authority, Tanal tells investors in a post-earnings research note. He believes the stock's valuation has caught up with his earnings forecasts and sees "more limited" upside from current share levels.
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