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

Goldman Sachs maintained RadioShack

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.