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Fly News Breaks for October 15, 2019
DKS
Oct 15, 2019 | 07:55 EDT
Argus analyst Chris Graja raised his price target on Dick's Sporting to $45 and kept his Buy rating, saying his store visits indicate that the management has been adapting well to the tight competition and changing product preferences. The analyst also raises his FY20 and FY21 EPS views by 7c and 10c to $3.40 and $3.55 respectively while noting the stock's "attractive" valuation, with shares trading at 11.5-times trailing earnings - well below the 5-year average of 20-times.
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