Information Provided By:
Fly News Breaks for May 2, 2016
DKS
May 2, 2016 | 06:00 EDT
Deutsche Bank analyst Mike Baker points out that several news outlets over the weekend reported that The Sports Authority has decided against reorganizing and instead will opt to liquidate. The analyst views the news as positive for Dick's Sporting Goods. Dick's will likely be the biggest recipient of Sports Authority's approximately $2.6B of sales, Baker tells investors in a research note. He expects Dick's to acquire some of Sports Authority locations to it easier to pick up market share. The analyst has a Buy rating on the shares with a $52 price target.
News For DKS From the Last 2 Days
There are no results for your query DKS