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Fly News Breaks for February 26, 2016
BBY
Feb 26, 2016 | 05:50 EDT
Piper Jaffray analyst Peter Keith downgraded Best Buy to Neutral saying the consumer electronics product cycle has become "remarkably tepid." The analyst sees downside risk to FY17 guidance and cut his price target for the shares to $31 from $34 following the retailer's Q4 results. The stock closed yesterday up 77c to $32.24.
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