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Fly News Breaks for January 20, 2016
DKS
Jan 20, 2016 | 09:09 EDT
After The Sports Authority which competes with Dick's (DKS) failed to make an interest payment Friday, Sterne Agee CRT says its checks indicate that The Sports Authority plans to close up to 200 of its 450 stores in 2016. According to the firm, about 23% of Dick;'s stores are "in the immediate vicinity" of a Sports Authority store. The firm keeps a $55 price target and Buy rating on Dick's.
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