| 2018-11-21 06:50:02|
BBY 06:50 11/21 11/21/18
Best Buy price target lowered to $81 from $87 at Piper Jaffray
Piper Jaffray analyst Peter Keith lowered his price target for Best Buy to $81 while reiterating an Overweight rating on the shares. The company reported "very solid" Q3 earnings and continues to show broad-based strength across the store, Keith tells investors in a post-earnings research note. The analyst, however, reduced his multiple assumption slightly to account for slightly slower comp and earnings growth.