UBS Maintains a 'Neutral' on RadioShack Corp. (RSH); Little Change in Fundamental Trends
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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: 13 | New: 18
Rating Summary:
0 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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UBS maintains a 'Neutral' on RadioShack Corp. (NYSE: RSH) price target lowered from $6.75 to $6.25.
Analyst, Michael Lasser, said, "With so much uncertainty overhanging the consumer electronics retail sector in recent times, RSH’s shares have been a harder sell to investors. This quarter, we think the central point of focus will be on the co’s gross margin, which we estimate will be down 450 bps YoY. Should it decline at a far lower rate while RSH is able to generate a moderate comp increase, it could be an inflection point that draws in deep value investors, especially with the stock offering an 8% dividend yield. Similarly, the announcement of bigger steps to address its woes could generate some interest."
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 $6.23 yesterday.
Analyst, Michael Lasser, said, "With so much uncertainty overhanging the consumer electronics retail sector in recent times, RSH’s shares have been a harder sell to investors. This quarter, we think the central point of focus will be on the co’s gross margin, which we estimate will be down 450 bps YoY. Should it decline at a far lower rate while RSH is able to generate a moderate comp increase, it could be an inflection point that draws in deep value investors, especially with the stock offering an 8% dividend yield. Similarly, the announcement of bigger steps to address its woes could generate some interest."
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 $6.23 yesterday.
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