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Fly News Breaks for November 29, 2019
DKS
Nov 29, 2019 | 07:25 EDT
Credit Suisse analyst Seth Sigman raised his price target on Dick's Sporting Goods shares to $46 from $37 after the Q3 report that he said was "solid all around." Dick's seems to be benefiting from a more differentiated assortment and the competitive landscape has swung back in the company's favor, which leave it with a set-up that seems favorable in the short-term, said Sigman. The analyst, who thinks the move in the stock following the report "seemed justified," said the sudden inflection in the business and the stock "leaves us with mixed feelings and some lingering questions" that keep him on the sidelines with an unchanged Neutral rating on Dick's shares.
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