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March 6, 2014
11:01 EDTCAB, DKSFebruary sporting good sales returned to growth, says Wells Fargo
Wells Fargo said its sporting goods data indicated that February sales trends accelerated year-over-year in all three major categories, namely footwear, apparel and outdoor hardgoods, following a weather-plagued January. The firm has Outperform ratings on both Cabela's (CAB) and Dick's Sporting (DKS).
News For CAB;DKS From The Last 14 Days
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September 16, 2014
18:30 EDTCABCabela's assumed with a Neutral at Piper Jaffray
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07:24 EDTDKSDick's Sporting announces retirement of president and COO Joseph Schmidt
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September 12, 2014
19:12 EDTCABCabela's management to meet with SunTrust
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September 9, 2014
10:10 EDTDKSOn the Fly: Analyst Downgrade Summary
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05:55 EDTDKSDick's Sporting downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Dick's Sporting Goods to Market Perform citing the recent rebound in shares and its data for August which indicates golf equipment sales continue to be weak. Wells also believes Disk's is near peak sales productivity and that the shift to ecommerce will lead to lower margins. The firm dropped its price target range for shares to $43-$46 from $47-$50.

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