Verizon Gaining Traction In RadioShack (RSH) Stores - Goldman Sachs

Goldman Sachs made positive comments on RadioShack Corp. (NYSE: RSH), reiterating their Conviction Buy List rating and $17 price target.

While Q3 results will be "choppy", the firm said checks confirmed that the Verizon (NYSE: VZ) switch is building.

The analyst commented, "..."of the 30 stores we surveyed twice, 10 noted a material pickup relative to their initial experiences, which had included a number of stores that at first suggested they were falling short of expectations, while only two described erosion in performance. Our checks suggest Verizon has some traction."

The release of the iPhone 5 should spur demand, the firm also noted.

For more ratings news on RadioShack Corp. click here and for the rating history of RadioShack Corp. click here.

Shares of RadioShack Corp. closed at $12.63 yesterday.

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