FBR Capital Markets raised its price target on consumer electronics retailer RadioShack Corp. (RSH) and reiterated the "Outperform" rating on the stock.
Analyst Stephen Chick said he is encouraged by the checks at ten RadioShack stores, which have the initial allocation of the iPhone, as 70% of them sold some phones within the first five days, in spite of zero advertising and very limited display.
FBR noted that since 1995, fourth-quarter earnings, on average, have been $0.32 higher than the previous quarter, driven by seasonality. The brokerage sees the fourth quarter as a 'bird in hand' quarter for the company due to the seasonality and the addition of new devices across all three of its post-pay wireless carriers.
FBR's fourth-quarter earnings estimate of $0.60 per share is $0.03 ahead of the consensus estimate of $0.57 and its 2010 earnings estimate of $2.00 per share is above the consensus estimate of $1.62.
The brokerage raised the price target to $29 per share from $26, reflecting a 7.5x adjusted EV/EBITDAR valuation on its NTM assumptions.
RSH closed Monday's regular trade at $19.78, up from the previous close of $19.45, on 4.55 million shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.