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Fly News Breaks for March 14, 2018
Mar 14, 2018 | 07:02 EDT
JPMorgan analyst Christopher Horvers says he found a "number of encouraging takeaways" in Dick's Sporting Goods' Q4 results, with the "noteworthy exception" of the comp miss. The analyst highlights the "much better than expected" gross margin performance. Further, he notes that besides Under Armour (UA, UAA), Dick's sees innovation in the pipeline and that its year-end inventory is in the best position since Q4 of 2013. Horvers keeps an Overweight rating on Dick's shares with a $43 price target.
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