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Fri, Nov 20, 2009 - 05:09 PM EST — AAPL: 199.92 (-0.59, -0.29%) | NASDAQ: 2146.04 (-10.78, -0.5%)

FBR ups price target on Radio Shack as firm begins selling Apple iPhones

Monday, November 16, 2009 - 12:41 PM EST

"Radio Shack (RSH) began quietly selling the Apple iPhone in 10 stores over the weekend, and FBR Capital Markets analyst Stephen Chick reports that 'initial checks have been surprisingly favorable,'" Eric Savitz blogs for Barron's.

"The analyst observes in a research note that at least 70% of the stories he surveyed reported selling at least one phone, despite zero advertising and limited in-store signage," Savitz reports. "He contends, moreover, that the iPhone 'should raise awareness that RSH is a wireless seller.'"

Savitz reports, "Chick today repeated his Outperform rating on RSH, and lifted his price target to $29, from $26."

Full article here.

[Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]

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Nov 16, 09 - 12:49 pm Comment from: Gabriel

"Steven Chick"? That guy must hear a lot of jokes about his name.

Nov 16, 09 - 01:05 pm Comment from: NikonFox

Radio shack still exsists? They sure know how to market and sell. U Cant draw in customers if you don't advertise.

Nov 16, 09 - 01:11 pm Comment from: Big Al

Are you a boy or are you a girl, for one, right Gabriel?

Nov 16, 09 - 01:26 pm Comment from: twilightmoon

Radio Shack benefits from Rising iPhone tide lifts all boats.

Nov 17, 09 - 08:22 am Comment from: ralph from berlin

70% of ten stores sold at least one phone at the first day? you mean they sold seven iphones alltogether? wow. amazing. i would lift that price target on radioshack even higher.

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Fri, Nov 20, 2009 - 05:09 PM EST — AAPL: 199.92 (-0.59, -0.29%) | NASDAQ: 2146.04 (-10.78, -0.5%)

FBR ups price target on Radio Shack as firm begins selling Apple iPhones

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Fri, Nov 20, 2009 - 05:09 PM EST — AAPL: 199.92 (-0.59, -0.29%) | NASDAQ: 2146.04 (-10.78, -0.5%)

FBR ups price target on Radio Shack as firm begins selling Apple iPhones

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