Pali Research Upgrades RadioShack (RSH) to Neutral
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Pali Research upgrades RadioShack (NYSE: RSH) from Sell to Neutral as the stock nears their $14 price target. The firm said the stock is fairly valued and should remain range bound between $14-$17.
The firm said a push into the gaming business may help buoy comps and drive traffic, although they don't see this as a long-term solution.
The firm said RSH is well stock on the new Grand Theft Auto IV game and with a $10 gift incentive is helping spread the word with gamers who don't know that RSH sells video games.
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