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Fly News Breaks for September 15, 2016
DKS
Sep 15, 2016 | 06:42 EDT
Oppenheimer analyst Brian Nagel upgraded Dick's Sporting Goods to Outperform citing the potential for better near-term sales trends as "weaker players" in sporting goods retail fail. A number of leading national and regional chains, including The Sports Authority, Sports Chalet and Golfsmith, have filed for bankruptcy, Nagel tells investors in a research note. He believes Dick's can capitalize on a "building wave of freed-up market share." The analyst has a $75 price target for the shares.
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