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Fly News Breaks for February 28, 2017
DKS
Feb 28, 2017 | 07:50 EDT
UBS analyst Michael Lasser noted there has been a number of cautious reads on the sporting goods market during Q4 but he believes Dick's Sorting did better than feared. He believes the company took market share and that weather likely cooperated during December. Lasser also believes the current shares are undervalued and underappreciated. Lasser reiterated his Buy rating but lowered his price target to $63 from $69 on Dick's Sporting shares.
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