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Fly News Breaks for May 17, 2017
DKS
May 17, 2017 | 07:10 EDT
Stifel analyst Scott Devitt says that the decline in Dick's stock following its Q1 comp miss was "too severe." He notes that the company's comp growth accelerated to 5% in April . Devitt is pleased by the company's decision to slow its store growth, saying that the move will boost its margins and free cash flow. The analyst cut his price target on the stock to $54 from $65 but keeps a Buy rating.
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