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Fly News Breaks for April 24, 2015
BBY
Apr 24, 2015 | 06:20 EDT
JPMorgan analyst Christopher Horvers downgraded Best Buy to Neutral from Overweight and lowered his end-of-year price target to $40 from $45. Horvers believes Best Buy's sales are off to a slow start in 2015, making now a good time to step to the sidelines with retail stocks being widely owned due to lower gas prices. Shares of the retailer closed Thursday down 5c to $36.13.
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