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RadioShack Soars on iPhone Deal

Stock quotes in this article: RSH , AAPL  

NEW YORK (TheStreet) -- RadioShack (RSH Quote)is soaring after it was upgraded by an analyst due to some new initiatives -- including, rather notably, its deal to begin selling Apple's(AAPL Quote) iPhone.

Credit Suisse upgraded the electronics retailer to outperform from neutral and raised its price target to $25 from $15.

RadioShack announced on Friday that it will begin selling the iPhone 3G in limited numbers in stores in Texas and New York starting later this month, and will be in stores nationwide next year. ...

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