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Fly News Breaks for November 7, 2019
DKS
Nov 7, 2019 | 17:44 EDT
Nomura Instinet analyst Michael Baker initiated coverage of Dick's Sporting with a Neutral rating and $42 price target. The analyst says the company's turnaround is gaining traction, but the momentum of its stock price may pause ahead of tougher comparisons ahead. Baker believes that Dick's margin improvement will have to catch up to comps growth after operating margins decline for 6 consecutive years.
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