UPDATE: Goldman Sachs Upgrades RadioShack to Buy

Goldman Sachs is out with its report today on RadioShack RSH, upgrading RSH from Neutral to Buy. In its report, Goldman Sachs writes, "We upgrade RSH to CL-Buy from Neutral. We see an attractive entry point into shares and expect earnings trends to accelerate off recent trough levels. RSH's addition of Verizon VZ to its wireless assortment, replacing T-mobile, broadens its market opportunity substantially, and should drive reacceleration in wireless sales trends, overall same-store sales growth, and earnings growth." Goldman Sachs has an $18 PT on RSH. At the time of posting, shares of RSH were trading pre-market at $14.80, up 6.32% from Friday's close.
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Posted In: Analyst ColorUpgradesAnalyst RatingsComputer & Electronics RetailConsumer DiscretionaryGoldman SachsIntegrated Telecommunication ServicesTelecommunication Services
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