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BBY

Best Buy

$51.77 /

-3.04 (-5.55%)

07:00
03/23/20
03/23
07:00
03/23/20
07:00

Best Buy price target lowered to $55 from $67 at RBC Capital

RBC Capital analyst Scot Ciccarelli lowered the firm's price target on Best Buy to $55 from $67 and keeps a Sector Perform rating on the shares. The analyst continues to decrease his projections for the company, lowering his FY21 EPS view by 80c to $4.80, after the management announced more operational changes regarding pick-up and delivery in response to COVID-19. Ciccarelli adds that BestBuy "prudently" drew down on their $1.25B and suspended buybacks to maximize financial flexibility.

  • 14

    Sep

BBY Best Buy
$51.77 /

-3.04 (-5.55%)

03/19/20 Nomura Instinet
Best Buy price target lowered to $76 from $86 at Nomura Instinet
02/20/20 Cleveland Research
Best Buy Q4 comp expectations have upside, says Cleveland Research
02/07/20 Oppenheimer
Best Buy price target raised to $105 from $86 at Oppenheimer
02/06/20 Guggenheim
Best Buy outlook improving, but guide likely to be conservative, says Guggenheim

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