RadioShack Downgraded by Goldman
Symbols: RSH
RadioShack (NYSE: RSH) was downgraded this morning by Goldman Sachs to “Buy” from “Conviction Buy,” citing the company’s recent quarter slightly missing estimates. What I really interested me about that report by Goldman is that they said they only see a buyout of the company as a 15% possibility. This completely squashes that recent chatter that the company was shopping for bidders and was about to announce a deal imminently.
Given the recent run up in the name, I completely agree that the stock is due for a pullback in the short term. I would be a buyer around the $20.50 level.
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