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Robert Peck of SunTrust Robinson Humphrey commented in a note on Tuesday why
Amazon.comAMZN sholid consider buying some of
RadioShack'sRSH stores and take over the leases.
Peck notes that Amazon sholid consider this move for several reasons:
- No tax law issues.
- Amazon is already focused on local.
- Amazon can showcase its products and services and launch new services.
- Amazon can improve its pickup and distribution.
- Amazon can benefit from a broader ecosystem lift.
Shares of Amazon are Buy rated with a $370 price target.
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