UBS Maintains a 'Neutral' on RadioShack (RSH); Moderating Expectations

UBS maintains a 'Neutral' on RadioShack Corp. (NYSE: RSH) price target lowered from $16 to $13.

UBS analyst says, "Based on the recent results from Best Buy (NYSE: BBY) and a host of other cautionary data points on the CE sector, we are lowering our RSH 3Q’11 EPS estimate to $0.35 from our prior forecast of $0.38 (compared to the consensus estimate of $0.38). Our updated 3Q’11 projection is based on a - 6% comp decline and 150 basis points of op. margin erosion. For 2011, our EPS estimate moves to $1.58 (from $1.65) and our 2012 EPS estimate falls to $1.74 (from $1.85)."

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 $12.16 yesterday.

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