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Fly News Breaks for August 26, 2015
BBY
Aug 26, 2015 | 06:35 EDT
Raymond James upgraded Best Buy to Strong Buy from Market Perform and established a $40 price target. The firm said Best Buy's company specific improvements are beginning to offset industry challenges, creating an opportunity to deliver FY16 upside. Raymond James said Best Buy's revenue outlook is beginning to improve and inventory product is starting to recover, which will result in improved earnings.
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