Goldman Sachs Reiterates Conviction Buy on RadioShack

Goldman Sachs is out with a research report on RadioShack Corp. RSH and is reiterating its Conviction Buy and $17 price target on shares. In a note to clients, Goldman Sachs writes, "RSH is going through a transitional quarter, as it switched out of T-mobile (9/14) and into Verizon (9/15), and continues to ramp into the early stages of its full Target kiosk rollout. Our $0.33, 3Q2011 estimate is below consensus of $0.37, in recognition of the costs of transition." Shares of RSH gained 3 cents yesterday to close at $12.63.