SunTrust's Bob Peck Offers 5 Reasons Why Amazon Should Buy Some RadioShack Stores
Robert Peck of SunTrust Robinson Humphrey commented in a note on Tuesday why Amazon.com, Inc. (NASDAQ: AMZN) should consider buying some of RadioShack Corporation's (NYSE: RSH) stores and take over the leases.
Peck notes that Amazon should consider this move for several reasons:
No tax law issues.
Amazon is already focused on local.
Amazon can showcase its products and services and launch new services.
Amazon can improve its pickup and distribution.
Amazon can benefit from a broader ecosystem lift.
Shares of Amazon are Buy rated with a $370 price target.
Shares of RadioShack were down 33 percent in the premarket on a delisting from the New York Stock Exchange.
Latest Ratings for AMZN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Deutsche Bank | Initiates Coverage On | Buy | |
| Feb 2022 | Tigress Financial | Maintains | Buy | |
| Feb 2022 | Credit Suisse | Maintains | Outperform |
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