Deutsche Bank Lowers Price Target on RadioShack (RSH)

Deutsche Bank analysts Mike baker and Adam Sindler lowered estimates for RadioShack RSH after incorporating two changes into its model. The two changes were an expanded Target kiosk roll out and a negotiated settlement with one of the wireless carriers regarding upfront commission revenues. Deutsche Bank dropped its price target for RadioShack from $27 to $24, based on 13x FY11 estimates of $1.89. Shares of RadioShack are down 3.3% to $20.72 today.