Friday, December 3, 2010

Goldman (NYSE:GS) Lowers Estimates, PT on RadioShack (NYSE:RSH)

Citing a lack of variety for high-demand products like tablets and e-readers, Goldman Sachs (NYSE:GS) lowered their EPS estimate and price target on RadioShack (NYSE:RSH), although they surprisingly maintain a "Buy" rating on them, probably on Christmas season alone.

Consequently Radioshack isn't drawing any buzz or much interest or demand when compared to competitors.

EPS estimates for 2010 were lowered from $1.88 to $1.80; 2011 from $2.23 to $2.14, and from $2.50 to $2.40 for 2012.

RadioShack closed Thursday at $19.01, up by $0.49, or 2.65 percent. Goldman lowered their price target on them from $25 to $22, reflecting the lack of competitiveness.

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