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Fly News Breaks for February 16, 2017
DKS
Feb 16, 2017 | 07:41 EDT
Credit Suisse analyst Seth Sigman says Dick's Sporting recent pullback seems overdone. However, the analyst continues to struggle with whether consensus comps growth will be achievable in 2017 absent significantly more competitor store closings, investments stabilization, and if the ecommerce transition and math will materialize to create a more sustainable growth story than being priced into the stock. Sigman reiterated a Neutral rating on the stock, and lowered his price target on the shares to $55 from $59.
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