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Fly News Breaks for February 20, 2020
BBY
Feb 20, 2020 | 10:43 EDT
Cleveland Research analyst Scott Bender continues to see upside to consensus comp expectations for Best Buy's Q4 as feedback he's getting points to a strong sales and market share performance over holiday for the company. Further, Best Buy also seemed to manage margin fairly well in the holiday quarter, Bender told investors earlier in a research note. The analyst, however, keeps a Neutral rating on Best Buy shares. While the tone on the outlook for fiscal 2021 continues to be mostly positive, there are some concerns on supply related to the coronavirus, Bender points out. Shares of Best Buy are up 79c to $91.75 in morning trading.