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BBY

Best Buy

$63.54

1.35 (2.17%)

06:50
11/21/18
11/21
06:50
11/21/18
06:50

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.

  • 05

    Dec

BBY Best Buy
$63.54

1.35 (2.17%)

11/13/18
BOFA
11/13/18
DOWNGRADE
Target $70
BOFA
Neutral
Best Buy downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Curtis Nagle downgraded Best Buy to Neutral from Buy and cut its price target to $70 from $92 due to expectations for slowing industry growth, difficult comps in key products and cost inflation. Nagle believes Best Buy can grow earnings over the next few years, but at a slower rate and does not believe a premium multiple is warranted.
11/13/18
11/13/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lumentum (LITE) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying yesterday's negative pronouncement underscored the challenges likely to be faced by Apple (AAPL) supply chain companies in delivering to investor expectations as Apple continues to prioritize its premium pricing strategy on iPhones relative to volumes. 2. Best Buy (BBY) downgraded to Neutral from Buy at BofA/Merrill with analyst Curtis Nagle citing expectations for slowing industry growth, difficult comps in key products and cost inflation. 3. Perrigo (PRGO) downgraded to Hold from Buy at Berenberg with analyst Patrick Trucchio saying although the key reason to own Perrigo shares remains intact, namely the U.S. government's push to shift more products from prescription to nonprescription, "too much uncertainty in generics has placed us on the sidelines." 4. Sabra Health Care (SBRA) downgraded to Neutral from Buy at Mizuho with analyst Richard Anderson saying he wants to a take a "pause" until the earnings reset from the "surprise news" of Senior Care stopping rent payments since May becomes better understood. 5. Infinera (INFN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Meta Marshall saying she sees "no reason to race in" until there are signs that the revenue base has stabilized. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/20/18
LOOP
11/20/18
NO CHANGE
Target $88
LOOP
Buy
Best Buy 'continued to impress' in Q3, says Loop Capital
Loop Capital analyst Anthony Chukumba says Best Buy "continued to impress" in Q3. He reiterates a Buy rating on the shares with an $88 price target. Management's Q4 comp guidance was particularly encouraging as the quarter contains the most difficult year-over-year comparison in well over a decade and there is "widespread stories of iPhone production cuts," Chukumba tells investors in a post-earnings research note. He believes Best Buy remains "very well positioned" as the "last man standing" in terms of dedicated consumer electronics retailers.
11/21/18
WEDB
11/21/18
UPGRADE
WEDB
Neutral
Best Buy upgraded to Neutral from Underperform at Wedbush

TODAY'S FREE FLY STORIES

BLK

BlackRock

$430.32

0.35 (0.08%)

06:24
03/22/19
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  • 27

    Oct

SHW

Sherwin-Williams

$433.70

4.385 (1.02%)

06:23
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06:23
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Sherwin-Williams rating change  »

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  • 17

    Apr

CNAT

Conatus

$2.91

0.02 (0.69%)

06:22
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06:22
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Conatus rating change  »

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PPG

PPG

$112.60

1.73 (1.56%)

06:21
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PPG rating change  »

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  • 18

    Apr

TSLA

Tesla

$274.10

0.6 (0.22%)

06:21
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03/22
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06:21
Periodicals
Tesla's Musk calls vehicle deliveries 'primary priority', Reuters reports »

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LITE

Lumentum

$52.05

2.395 (4.82%)

, AAPL

Apple

$195.07

6.93 (3.68%)

06:18
03/22/19
03/22
06:18
03/22/19
06:18
Upgrade
Lumentum, Apple rating change  »

JPMorgan upgrades…

LITE

Lumentum

$52.05

2.395 (4.82%)

AAPL

Apple

$195.07

6.93 (3.68%)

03/08/13
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  • 25

    Mar

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SHLD

Sears

$0.00

(0.00%)

06:15
03/22/19
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06:15
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06:15
Periodicals
Judge warns Lampert's firm to return money to Sears, NY Post says »

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ORCL

Oracle

$54.05

1.41 (2.68%)

06:15
03/22/19
03/22
06:15
03/22/19
06:15
Periodicals
Oracle quietly laid off employees this week, Business Insider reports »

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ENR

Energizer

$46.15

0.915 (2.02%)

06:14
03/22/19
03/22
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03/22/19
06:14
Initiation
Energizer initiated  »

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NKE

Nike

$88.05

1.3597 (1.57%)

06:10
03/22/19
03/22
06:10
03/22/19
06:10
Recommendations
Nike analyst commentary  »

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  • 04

    Apr

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    Apr

BRN

Barnwell Industries

$1.30

(0.00%)

06:10
03/22/19
03/22
06:10
03/22/19
06:10
Hot Stocks
Barnwell Industries announces real estate transaction through KD »

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STX

Seagate

$48.95

2.73 (5.91%)

, HPE

HP Enterprise

$16.03

0.15 (0.94%)

06:09
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03/22
06:09
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06:09
Periodicals
Seagate teams up with HPE, Nvidia for Project Athena, DigiTimes reports »

Seagate (STX) has…

STX

Seagate

$48.95

2.73 (5.91%)

HPE

HP Enterprise

$16.03

0.15 (0.94%)

NVDA

Nvidia

$183.92

9.54 (5.47%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Mar

  • 03

    Apr

ESALY

Eisai

$0.00

(0.00%)

06:06
03/22/19
03/22
06:06
03/22/19
06:06
Downgrade
Eisai rating change  »

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CVA

Covanta

$17.04

0.27 (1.61%)

06:05
03/22/19
03/22
06:05
03/22/19
06:05
Hot Stocks
Covanta, Green Investment Group reach financial close on Rookery project »

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  • 26

    Mar

GBX

Greenbrier

$37.33

0.45 (1.22%)

06:05
03/22/19
03/22
06:05
03/22/19
06:05
Earnings
Greenbrier reports preliminary Q2 EPS 7c-9c, consensus 42c »

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FB

Facebook

$166.08

0.61 (0.37%)

06:05
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03/22
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Facebook knew about data misuse earlier than reported, Guardian says »

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  • 27

    Mar

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    Apr

NKE

Nike

$88.05

1.3597 (1.57%)

06:04
03/22/19
03/22
06:04
03/22/19
06:04
Recommendations
Nike analyst commentary  »

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  • 04

    Apr

  • 04

    Apr

GTLS

Chart Industries

$94.49

2.06 (2.23%)

, BHGE

Baker Hughes

$28.50

0.24 (0.85%)

06:03
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06:03
Hot Stocks
Chart Industries books $135M order »

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GTLS

Chart Industries

$94.49

2.06 (2.23%)

BHGE

Baker Hughes

$28.50

0.24 (0.85%)

03/08/13
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  • 18

    Apr

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    May

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    May

AAPL

Apple

$195.07

6.93 (3.68%)

06:01
03/22/19
03/22
06:01
03/22/19
06:01
Periodicals
Apple signs Vox to be part of news subscription service, Bloomberg reports »

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  • 25

    Mar

LIND

Lindblad Expeditions

$15.18

-0.12 (-0.78%)

05:55
03/22/19
03/22
05:55
03/22/19
05:55
Conference/Events
Lindblad Expeditions management to meet with Sidoti »

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  • 22

    Mar

DRI

Darden

$116.11

7.485 (6.89%)

05:53
03/22/19
03/22
05:53
03/22/19
05:53
Recommendations
Darden analyst commentary  »

Darden price target…

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CMC

Commercial Metals

$17.35

1.29 (8.03%)

05:43
03/22/19
03/22
05:43
03/22/19
05:43
Upgrade
Commercial Metals rating change  »

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SWK

Stanley Black & Decker

$134.59

2.69 (2.04%)

05:42
03/22/19
03/22
05:42
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05:42
Upgrade
Stanley Black & Decker rating change  »

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  • 17

    Apr

  • 24

    Apr

BIIB

Biogen

$226.71

-93.76 (-29.26%)

05:42
03/22/19
03/22
05:42
03/22/19
05:42
Downgrade
Biogen rating change  »

Biogen downgraded to…

03/08/13
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  • 25

    Mar

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    May

BBY

Best Buy

$70.56

1.44 (2.08%)

05:41
03/22/19
03/22
05:41
03/22/19
05:41
Upgrade
Best Buy rating change  »

Best Buy upgraded to…

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