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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:01 EDTRSHRadioShack may need bankruptcy to reach store closure goal, says Janney Capital
Janney Capital doubts RadioShack's creditors will allow the company to use the cash needed to close any more than 200 stores this year, which is well below the company's stated goal of 1,100 units. Janney thinks bankruptcy may be the only leverage the company has in order to hit its store closure target. The firm has a Neutral rating and $3.00 price target on RadioShack.
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