Radio Shack Upgraded

RadioShack shares hit 1-yr. high, Goldman ups rating, target
By Tomi Kilgore, Jan 30, 2007, MarketWatch

Shares of RadioShack (RSH) rallied nearly 5%, and reached a one-year high in intraday trading, after Goldman Sachs upgraded the consumer electronics retailer. Analyst Matthew Fassler lifted his rating to buy from neutral and his price target from $25 from $19. "RadioShack shares are only beginning to discount the earnings potential we see from a powerful turnaround, driven by improved retail processes and, in particular, aggressive cost control," Fassler said in a research note. The stock was last up 94 cents, or 4.5%, at $21.76. It reached a high of $22.20 earlier in the session, the highest price seen since Jan. 31...read more: here