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Fly News Breaks for March 22, 2019
BBY
Mar 22, 2019 | 07:07 EDT
Oppenheimer analyst Brian Nagel upgraded Best Buy to Outperform from Perform with an $86 price target. In a research note to investors, Nagel says Best Buy has undergone a significant transformation under the direction of new senior leadership to one of retail's preeminent omnichannel operators, and says the market narrative on Best Buy is now more upbeat. Nagel says Best Buy is well positioned against a healthy spending backdrop, but feels investors are still not fully embracing improved sales and EPS power.
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