B. Riley Upgrades Dick's Sporting Goods (DKS) to Buy
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Dick's (DKS) Could See 2% Boost to Comps Following The Sports Authority Closings and Liquidation Sales - Deutsche Bank
February 24, 2016 1:27 PM ESTDeutsche Bank maintained a Buy rating on Dick's Sporting Goods (NYSE: DKS) with a price target of $52. Comments follow recent rumors that competitor The Sports Authority could enter bankruptcy. In the view of analyst Mike Baker, this could add over 2% to Dick's comps over the 12 months after closings and liquidation sales.
Baker highlighted several points:
"The Sports Authority has 450... More