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Fly News Breaks for May 17, 2017
DKS
May 17, 2017 | 07:35 EDT
Canaccord analyst Camilo Lyon noted Dick's Sporting Goods reported mixed Q1 results, citing lower than expected comps due to unfavorable March weather. As a result, the company lowered its comp guidance, leading to a selloff in the shares. Lyon believes the selloff is overdone and the weakness is a buying opportunity. Lyon reiterated his Buy rating but lowered his price target to $54 from $67 on Dick's Sporting shares.
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