UBS Maintains a 'Neutral' on RadioShack (RSH); In Need of an Extreme Makeover
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Price: $0.24 --0%
Rating Summary:
0 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
0 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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UBS maintains a 'Neutral' on RadioShack Corp. (NYSE: RSH) price target lowered from $8 to $7.50.
UBS analyst said, "If there were such a thing as Extreme Makeover – Consumer Electronics Edition, RSH would be a prime candidate. The retailer has good bones with convenient store locations and knowledgeable store associates. But, the relevancy of its brand is not resonating with consumers. As a result, when it encounters a challenge such as an issue with one of its carriers or a heightened promotional environment, the problem becomes magnified. This has been the case the past couple of qtr’s, which has led to steep operating margin declines including ~520 bps of erosion in 4Q’11."
UBS raises FY12 EPS estimate from $0.55 to $0.71 and FY13 from $0.64 to $0.76.
For an analyst ratings summary and ratings history on RadioShack Corp. click here. For more ratings news on RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $7.26 yesterday.
UBS analyst said, "If there were such a thing as Extreme Makeover – Consumer Electronics Edition, RSH would be a prime candidate. The retailer has good bones with convenient store locations and knowledgeable store associates. But, the relevancy of its brand is not resonating with consumers. As a result, when it encounters a challenge such as an issue with one of its carriers or a heightened promotional environment, the problem becomes magnified. This has been the case the past couple of qtr’s, which has led to steep operating margin declines including ~520 bps of erosion in 4Q’11."
UBS raises FY12 EPS estimate from $0.55 to $0.71 and FY13 from $0.64 to $0.76.
For an analyst ratings summary and ratings history on RadioShack Corp. click here. For more ratings news on RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $7.26 yesterday.
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