The Dividend Daily

Electronics retailer RadioShack Corporation (RSH) saw its price target boosted on Monday by analysts at FBR Capital Markets.

The analysts said it now sees shares of RSH, which closed at $19.45 on Friday, reaching $29. It said that iPhone sales should help drive store traffic, and rates the stock as an “Outperform.”

RadioShack shares rose 45 cents, or +2.3%, in morning trading Monday.

The Bottom Line
We had removed shares of RSH from our “recommended” list back on Sept.17, when shares were trading at $18.72. The company has a 1.29% dividend yield, based on Friday’s closing stock price of $19.45. The stock has technical support in the $14-$16 price area. If the shares can firm up, we see overhead resistance around the $20-$22 price levels. We would remain on the sidelines for now.

RadioShack Corporation (RSH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.