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Fly News Breaks for May 24, 2019
BBY
May 24, 2019 | 06:57 EDT
Oppenheimer analyst Brian Nagel reiterated an Outperform rating and $86 price target on Best Buy following the company's "solid" first quarter results and updated fiscal 2019 guidance, saying he would be a buyer of the pullback in shares. In a research note to investors, Nagel says he is encouraged by prospects for continued solid sales and gross margin expansion, and the potential for continued upside to EPS, driven in part by ongoing, aggressive cash flow and buybacks.