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Fly News Breaks for September 14, 2017
BBY
Sep 14, 2017 | 04:59 EDT
Barclays analyst Matthew McClintock raised his price target for Best Buy to $70 ahead of the company's investor day on September 19. The analyst expects data points on Best Buy's new initiatives to emerge that investors "will likely find highly attractive." He believes the investor day will further define the company's "New Blue Best Buy 2020" strategy and provide updates on ongoing initiatives. McClintock sees the event as a positive catalyst and keeps an Overweight rating on Best Buy shares.
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