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Fly News Breaks for November 20, 2015
BBY
Nov 20, 2015 | 09:08 EDT
BB&T believes that Best Buy reported "impressive" Q3 results. The firm notes that the company's comp sales rose 0.8%, while the company said that its sales trends improved in early November. BB&T views the company's worse than expected Q4 results as an attempt by the company to "under promise and over deliver." The firm recommends that investors focus on management's positive track record, and it keeps a Buy rating on the shares.
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