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BBY

Best Buy

$89.41

0.7 (0.79%)

09:30
01/10/20
01/10
09:30
01/10/20
09:30

Cleveland Research raises Best Buy Q4 comp estimate, sees EPS upside

Cleveland Research analyst Scott Bender said he believes Best Buy's strategy of starting promotions earlier, combined with very strong performance in the final week before Christmas, offset the impact from fewer selling days and he raised his Q4 Enterprise comp sales growth estimate to 2.5% from 2.3%, which is above the 1.8% consensus growth forecast. The analyst, who is maintaining his Q4 EPS estimate of $2.80, noted this represents upside to consensus and guidance. He maintains a Neutral rating on Best Buy shares.

BBY Best Buy
$89.41

0.7 (0.79%)

12/19/19
LOOP
12/19/19
NO CHANGE
Target $100
LOOP
Buy
Best Buy price target raised to $100 from $90 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target on Best Buy (BBY) to $100 and kept his Buy rating, saying the company's prices relative to Amazon.com (AMZN) are "very competitive" heading into the holiday season. The analyst is citing a survey of 50 items across 5 product categories showing that on average prices were only 3% more expensive at Best Buy vs. 3.2% seen in the September survey. Chukumba adds that he is optimistic about Best Buy's 2020 prospects heading into the nationwide rollout of 5G wireless and the start of a new videogame console cycle.
01/06/20
JEFF
01/06/20
NO CHANGE
Target $101
JEFF
Buy
Best Buy price target raised to $101 from $91 at Jefferies
Jefferies analyst Jonathan Matuszewski raised his price target for Best Buy to $101 from $91 to reflect a higher multiple and slightly increased fiscal 2021 EPS estimates. The stock has rallied on the back of improving trade sentiment, and more progress there should also support Best Buy's multiple as investors find fewer reasons to own a new-age "category killer," Matuszewski tells investors in a research note. He keeps a Buy rating on the shares.
01/07/20
BOFA
01/07/20
NO CHANGE
Target $85
BOFA
Buy
Aaron's, Lowe's positioned for outperformance in 2020, says BofA
In a research note on retailers, BofA analyst Elizabeth Suzuki said she thinks the stocks that are best positioned for outperformance in 2020 are Aaron's (AAN), Advance Auto Parts (AAP), Bed Bath & Beyond (BBBY), Lowe's (LOW) and Tempur Sealy (TPX). Conversely, the analyst thinks several hardline retail stocks are poised to underperform in 2020, including Floor & Decor (FND), GameStop (GME), Michael's (MIK) and Sleep Number (SNBR). The firm's proprietary RENO barometer suggests that renovation spending may sequentially improve through 1H before tapering off in 2H. While she nots that essentially every company in her coverage universe stands to gain from a trade war resolution, the biggest beneficiaries would likely be Michael's, Floor & Decor, Best Buy (BBY), RH (RH) and Williams-Sonoma (WSM). Suzuki raised her price target for Aaron's to $85 from $80.
01/09/20
GUGG
01/09/20
NO CHANGE
Target $100
GUGG
Buy
Guggenheim adds Best Buy to Best Idea list, ups price target to $100
Guggenheim analyst Steven Forbes raised his price target for Best Buy (BBY) to $100 from $90 and added the shares to his firm's Best Idea list. In the Consumer space, the analyst prefers companies with "solid, but reasonable," expectations, "compelling" relative EBITDA multiples, and idiosyncratic potential catalysts. His picks for 2020 include Best Buy, Dollar Tree (DLTR), Five Below (FIVE), Lowe's (LOW), Performance Food Group (PFGC) and RH (RH).

TODAY'S FREE FLY STORIES

CCB

Coastal Financial

$17.29

-0.18 (-1.03%)

19:11
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SLM

Sallie Mae

$9.09

0.25 (2.83%)

, TER

Teradyne

$73.57

2.04 (2.85%)

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SLM

Sallie Mae

$9.09

0.25 (2.83%)

TER

Teradyne

$73.57

2.04 (2.85%)

PTC

PTC

$80.06

1.13 (1.43%)

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

CTXS

Citrix

$119.16

1.37 (1.16%)

PAYC

Paycom

$303.73

3.96 (1.32%)

FUL

H.B. Fuller

$49.18

0.095 (0.19%)

TXN

Texas Instruments

$133.38

2.53 (1.93%)

IMGN

ImmunoGen

$4.67

-0.04 (-0.85%)

XENE

Xenon Pharmaceuticals

$16.84

0.15 (0.90%)

AVNW

Aviat Networks

$14.70

0.09 (0.62%)

03/08/13
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    Feb

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  • 21

    Jan

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    Jan

TTPH

Tetraphase

$3.84

0.97 (33.80%)

18:50
01/22/20
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18:50
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18:50
Syndicate
Tetraphase announces $17.5M of financings priced at-the-market »

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SJM

J.M. Smucker

$107.00

-0.77 (-0.71%)

18:39
01/22/20
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18:39
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18:39
Initiation
J.M. Smucker initiated  »

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  • 17

    Feb

  • 26

    Feb

MYGN

Myriad Genetics

$28.71

0.34 (1.20%)

18:37
01/22/20
01/22
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18:37
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Myriad Genetics submits sPMA application to FDA for myChoice CDx test »

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  • 13

    Feb

HSY

Hershey

$152.45

-0.355 (-0.23%)

18:36
01/22/20
01/22
18:36
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18:36
Initiation
Hershey initiated  »

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  • 30

    Jan

DCPH

Deciphera

$66.79

0.2 (0.30%)

18:32
01/22/20
01/22
18:32
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18:32
Recommendations
Deciphera analyst commentary  »

Piper Sandler says…

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BGS

B&G Foods

$16.25

0.195 (1.21%)

18:28
01/22/20
01/22
18:28
01/22/20
18:28
Initiation
B&G Foods initiated  »

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CVGW

Calavo Growers

$80.49

0.23 (0.29%)

18:25
01/22/20
01/22
18:25
01/22/20
18:25
Initiation
Calavo Growers initiated  »

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LW

Lamb Weston

$91.19

0.01 (0.01%)

18:21
01/22/20
01/22
18:21
01/22/20
18:21
Initiation
Lamb Weston initiated  »

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  • 29

    Jan

FLO

Flowers Foods

$21.75

-0.27 (-1.23%)

18:18
01/22/20
01/22
18:18
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18:18
Initiation
Flowers Foods initiated  »

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K

Kellogg

$70.25

-0.32 (-0.45%)

18:15
01/22/20
01/22
18:15
01/22/20
18:15
Initiation
Kellogg initiated  »

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  • 06

    Feb

  • 17

    Feb

GIS

General Mills

$53.97

-0.37 (-0.68%)

, WMT

Walmart

$116.10

0.53 (0.46%)

18:12
01/22/20
01/22
18:12
01/22/20
18:12
Initiation
General Mills, Walmart, Kellogg initiated  »

General Mills initiated…

GIS

General Mills

$53.97

-0.37 (-0.68%)

WMT

Walmart

$116.10

0.53 (0.46%)

K

Kellogg

$70.25

-0.32 (-0.45%)

03/08/13
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  • 06

    Feb

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    Feb

  • 18

    Feb

JJSF

J & J Snack Foods

$183.94

-0.28 (-0.15%)

18:07
01/22/20
01/22
18:07
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18:07
Initiation
J & J Snack Foods initiated  »

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  • 28

    Jan

  • 11

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THS

TreeHouse

$46.83

-0.085 (-0.18%)

18:04
01/22/20
01/22
18:04
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18:04
Initiation
TreeHouse initiated  »

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  • 13

    Feb

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    Feb

HBM

Hudbay Minerals

$3.41

-0.12 (-3.40%)

18:03
01/22/20
01/22
18:03
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18:03
Upgrade
Hudbay Minerals rating change  »

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  • 22

    Jan

TRQ

Turquoise Hill

$0.68

-0.0221 (-3.15%)

18:02
01/22/20
01/22
18:02
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18:02
Upgrade
Turquoise Hill rating change  »

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  • 22

    Jan

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

18:02
01/22/20
01/22
18:02
01/22/20
18:02
Earnings
Steel Dynamics CEO says company 'constructive' regarding NA steel market »

"Based on domestic…

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  • 23

    Jan

STLD

Steel Dynamics

$32.02

0.11 (0.34%)

18:01
01/22/20
01/22
18:01
01/22/20
18:01
Earnings
Steel Dynamics reports Q4 adjusted EPS 62c, consensus 55c »

Reports Q4 revenue $2.4B,…

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  • 23

    Jan

SQ

Square

$68.74

0.42 (0.61%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

17:59
01/22/20
01/22
17:59
01/22/20
17:59
Hot Stocks
Square introduces Lightning Development Kit tools for Bitcoin wallet developers »

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SQ

Square

$68.74

0.42 (0.61%)

BITCOIN

Bitcoin

$0.00

(0.00%)

GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

03/08/13
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  • 26

    Feb

NVCR

Novocure

$94.80

-0.83 (-0.87%)

17:59
01/22/20
01/22
17:59
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17:59
Hot Stocks
NovoCure chairman sells 133,777 ordinary shares »

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  • 27

    Feb

KHC

Kraft Heinz

$30.65

-0.37 (-1.19%)

17:52
01/22/20
01/22
17:52
01/22/20
17:52
Initiation
Kraft Heinz initiated  »

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SQ

Square

$68.74

0.42 (0.61%)

17:50
01/22/20
01/22
17:50
01/22/20
17:50
Periodicals
Square wins U.S patent for crypto-to-fiat payments network, Coindesk says »

Paddy Baker of Coindesk,…

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  • 26

    Feb

QCRH

QCR Holdings

$41.92

0.13 (0.31%)

17:50
01/22/20
01/22
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01/22/20
17:50
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Breaking Hot Stocks news story on QCR Holdings »

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  • 23

    Jan

CPB

Campbell Soup

$48.56

-0.01 (-0.02%)

17:48
01/22/20
01/22
17:48
01/22/20
17:48
Initiation
Campbell Soup initiated  »

Campbell Soup initiated…

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