KeyBanc Reiterates a 'Buy' on Best Buy (BBY); Sees Improving Outlook for 2010; Compelling Valuation
BBY Hot Sheet
Rating Summary:4 Buy, 14 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
KeyBanc reiterates a 'Buy' rating on Best Buy Co. (NYSE: BBY), raises price target from $45 to $48.
KeyBanc analyst says, "Best Buy will report 3Q EPS on Tuesday, December 15, before the market open. We believe that comps accelerated through the quarter and holiday sales are off to an encouraging start. Furthermore, we believe the outlook for 2010 is improving as a result of new television technology and strengthening appliance sales...We are raising our 3Q estimate to $0.44 from $0.40, which is now $0.01 above the current consensus. Our 2009 estimate goes to $2.97 from $2.90. Our 2010 estimate goes to $3.25 from $3.15."
To see all the upgrades/downgrades on shares of BBY, visit our Analyst Ratings page.
Best Buy Co., Inc. (Best Buy) is a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services.
KeyBanc analyst says, "Best Buy will report 3Q EPS on Tuesday, December 15, before the market open. We believe that comps accelerated through the quarter and holiday sales are off to an encouraging start. Furthermore, we believe the outlook for 2010 is improving as a result of new television technology and strengthening appliance sales...We are raising our 3Q estimate to $0.44 from $0.40, which is now $0.01 above the current consensus. Our 2009 estimate goes to $2.97 from $2.90. Our 2010 estimate goes to $3.25 from $3.15."
To see all the upgrades/downgrades on shares of BBY, visit our Analyst Ratings page.
Best Buy Co., Inc. (Best Buy) is a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services.
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