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Fly News Breaks for May 17, 2017
DKS
May 17, 2017 | 08:12 EDT
Citi analyst Kate McShane views yesterday's selloff in shares of Dick's Sporting Goods as overdone. The stock is trading near department store multiples despite being an "industry leader that should benefit from competitor distress," McShane tells investors in a research note. She lowered her price target for Dick's to $55 from $65 and keeps a Buy rating on the name.
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