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SunTrust's Bob Peck Offers 5 Reasons Why Amazon Should Buy Some RadioShack Stores

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Robert Peck of SunTrust Robinson Humphrey commented in a note on Tuesday why Amazon.com, Inc. (NASDAQ: AMZN) should consider buying some of RadioShack Corporation's (NYSE: RSH) stores and take over the leases.

Peck notes that Amazon should 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.

Shares of RadioShack were down 33 percent in the premarket on a delisting from the New York Stock Exchange.

Latest Ratings for AMZN

DateFirmActionFromTo
Sep 2017Loop CapitalInitiates Coverage OnBuy
Sep 2017DA DavidsonInitiates Coverage OnBuy
Aug 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy

View More Analyst Ratings for AMZN
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Posted-In: Bob Peck radioshack Robert Peck SunTrust Robinson HumphreyAnalyst Color Analyst Ratings

 

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