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UPDATE: Goldman Sachs Reiterated RadioShack at Neutral on Risk/Reward

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Goldman Sachs maintained RadioShack (NYSE: RSH) with a Neutral rating and a $2.90 price target.

Goldman Sachs said, "We reduce our earnings forecast to account for weaker sales trends and updated assumptions on how the Target kiosk exit will impact total company financials. … We maintain our 12-month price target of $2.90, based on our risk/reward framework deploying rent-adjusted EV/EBITDA. Our target multiples incorporate optionality on a turnaround. We maintain our Neutral rating, believing that the equity will trade based on perceived potential for viability, with significant volatility along the way."

RadioShack closed at $3.28 on Wednesday.

Latest Ratings for RSH

DateFirmActionFromTo
Aug 2014UBSMaintainsSell
Jun 2014B. Riley & Co.MaintainsSell
Mar 2014BTIG ResearchInitiates Coverage onNeutral

View More Analyst Ratings for RSH
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Reiteration Analyst Ratings

 

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