NEW YORK (
received an upgrade Monday, on the basis of new initiatives that are expected to boost earnings next year.
Barclays upped the electronics retailer to overweight, on the notion that RadioShack should benefit from the addition of T-Mobile service,
iPhones and its new branding campaign.
The T-Mobile deal alone is expected to add at least $450 million in sales and 40 cents to earnings next year, Barclays wrote in a note.
The brokerage firm raised its 2010 earnings guidance to $1.97 a share.
in New York and Dallas, and will bring them to stores nationwide in 2010.
Barclays said it did not include the contribution from
kiosks, share buybacks and other improvements, which could add another 40 cents to earnings.
This fall, RadioShack began selling mobile phones in kiosks at about 100 Target stores in Minnesota, California, Georgia, Illinois, New Jersey, Texas and Washington.
will report its third-quarter earnings results on Tuesday.
-- Reported by Jeanine Poggi in New York.
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.