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Dick’s Sporting Goods Downgraded on Recent Sales Weakness

Dicks Sporting Goods Inc (NYSE:DKS) is down over 2 percent on a downgrade from BMO Capital Markets. The sporting goods retailer was downgraded from market perform to underperform on the basis of weak same store sales growth and uncertainty as to whether the company will achieve the full year earnings outlook. The price was also lowered to $46 a share from $57. Dick’s Sporting Goods golf and fitness segments are doing terrible compared to other segments.