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Fly News Breaks for October 12, 2016
BBY
Oct 12, 2016 | 09:54 EDT
Cleveland Research analyst Daryle Boehringer said his near-term outlook for Best Buy is more positive given sustained share gains and increased optimistic feedback in the mobile category, creating a more attractive setup for Q3 quarter-to-date and potentially for Q4 as well. Boehringer expects domestic comps to increase 1.8%, above consensus of 1%, due to sustainability of share gains and a favorable mobile segment outlook. The analyst sees upside to his Q3 earnings estimate of 50c, versus consensus of 47c. Boehringer rates Best Buy a Neutral.
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