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Fly News Breaks for January 9, 2020
RH, PFGC, LOW, FIVE, DLTR, BBY
Jan 9, 2020 | 07:01 EDT
Guggenheim analyst Steven Forbes raised his price target for Best Buy (BBY) to $100 from $90 and added the shares to his firm's Best Idea list. In the Consumer space, the analyst prefers companies with "solid, but reasonable," expectations, "compelling" relative EBITDA multiples, and idiosyncratic potential catalysts. His picks for 2020 include Best Buy, Dollar Tree (DLTR), Five Below (FIVE), Lowe's (LOW), Performance Food Group (PFGC) and RH (RH).