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Fly News Breaks for March 8, 2017
DKS
Mar 8, 2017 | 07:26 EDT
Credit Suisse analyst Seth Sigman thinks Dick's Sporting's selloff after quarterly results was an "over-reaction." Nonetheless, the analyst believes the issues that have held him back remain, namely high consensus expectations and the need for incrementally more store closings to hit those high expectations. Additionally, he still awaits signs that there is a more structural change in the company's sales and margin trajectory versus just short-term lift. Sigman reiterates a Neutral rating and $55 price target on the shares.
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