RadioShack To Carry iPhone from Month End, Analysts Optimistic

RadioShack Corp (NYSE: RSH) will be carrying Apple Inc's (NASDAQ: AAPL)’s iPhone 3G and 3GS at its stores in Dallas-Fort Worth and the New York City metropolitan areas from this month. RSH further indicated that its stores across the nation will carry these phones from the start of 2010.

The news has created a flurry of activity in the market, with RadioShack’s shares jumping by 13.30% to $20.10 so far in the market. The news has also prompted several analysts to have a re-look at RSH’s ratings. While Credit Suisse has upgraded its rating on RSH from “neutral” to “outperform” and raised its target price from $15 to $25, Goldman Sachs has simply raised its target price from $19 to $21.

Barclays Capital also upped its target price from $19 to $20 while retaining its “equal weight” rating for RadioShack.