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Fly News Breaks for December 9, 2016
DKS
Dec 9, 2016 | 07:51 EDT
UBS analyst Michael Lasser said Dick's Sporting is well positioned to drive growth for both the near and long-term as they remain the beneficiary of industry consolidation. The company believes they have only scratched the surface of the gains from The Sports Authority as they have only just started to leverage the purchase of their intellectual property. Lasser said the risk/reward is favorable and he reiterated his Buy rating and raised his price target to $69 from $66 on Dick's Sporting shares.
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