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2017-11-21 04:55:00
BBY
Best Buy
$56.35
0.52 (0.93%)
04:55
11/21/17
11/21
04:55
11/21/17
04:55
Best Buy management to meet with Jefferies
Meeting to be held in Boston on November 21 hosted by Jefferies.
21
Nov
BBYBest Buy
$56.35
0.52 (0.93%)
11/16/17
LOOP
11/16/17 NO CHANGETarget $72 LOOP Buy
Loop Capital remains bullish on Best Buy following quarterly results
Loop Capital analyst Anthony Chukumba was impressed by Best Buy's Q3 results, particularly given all of the "noise" the company encountered in the quarter. While Best Buy's Q4 earnings guidance missed his expectations, the analyst notes the several mitigating factors, as well as management's long track record of "under promising and overdelivering." Chukumba reiterates a Buy rating and $72 price target on the shares.
11/16/17
PIPR
11/16/17 NO CHANGEPIPR
Best Buy selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Peter Keith recommends using the post-earnings selloff today in shares of Best Buy as a buying opportunity. The analyst believes the retailer's "solid momentum" is continuing. The stock in midday trading is down 5% to $54.45.
11/16/17
BOFA
11/16/17 NO CHANGETarget $64 BOFA Buy
Best Buy underlying performance remains solid, says BofA/Merrill
BofA/Merrill said Best Buy reported results slightly below expectations, but they were impacted by recent hurricanes and a shift in iPhone demand to Q4. The firm's analyst said underlying performance remains solid and believes the company is well positioned for the Holiday given a solid product cycle, investments in delivery and increased speed, and market share gains. The firm rates shares a Buy with a $64 price target, down from $68.
11/16/17
DBAB
11/16/17 NO CHANGETarget $56 DBAB Hold
Best Buy price target lowered to $56 from $58 at Deutsche Bank
Deutsche Bank analyst Mike Baker does not expect consensus estimates for Best Buy to increase following today's Q3 results. In fact, some analysts may take numbers down a bit, Baker tells investors in a post-earnings research note titled "BBY Good, But Not Great." He notes the outlook for Q4 is in line on comps and below consensus on earnings. After the strong rally year-to-date, the analyst thinks the shares could give back some of the gains. Baker lowered his price target for Best Buy shares to $56 from $58 and keeps a Hold rating on the name.