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Fly News Breaks for June 15, 2017
DKS
Jun 15, 2017 | 07:24 EDT
Stifel analyst Jim Duffy says that the current low level of Dick's stock could lead its management, led by its CEO, to consider taking the company private. The analyst says that Dick's " solid free cash flow characteristics, an under-levered balance sheet, strategic rationale, and management incentives are all supportive of a strong case for a go private transaction." He estimates that the company could be taken private for a price in the "mid to high $40s" per share range," up to $48. Duffy keeps a $54 price target and a Buy rating on the stock.
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