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Fly News Breaks for October 4, 2016
DKS
Oct 4, 2016 | 07:27 EDT
UBS analyst Michael Lasser noted Dick's Sporting shares have pulled back 9% in the past 11 days and thinks the slide has brought a compelling buying opportunity. The analyst believes Dick's can continue to expand market share as smaller competitors close stores and larger ones, such as The Sports Authority, close their doors. Lasser believes industry consolidation will continue putting stronger players in an even better position. Lasser reiterated his Buy rating and $66 price target on Dicks' Sporting shares.
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