Citi Downgrades Best Buy (BBY) to Sell, Cuts Target to $27
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Price: $86.42 --0%
Rating Summary:
7 Buy, 25 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
7 Buy, 25 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Shares of Best Buy (NYSE: BBY) are continuing lower Friday morning as an analyst at Citi downgraded the stock from Hold to Sell. The firm's price target was reduced from $36 to $27.
With Best Buy shares last trading around $29.68, Citi's new price target implies potential downside of about 9%.
Today's downgrade follows Q4 results from Best Buy Thursday. The stock fell more than 5% following the earnings report.
For more ratings news on Best Buy click here and for the rating history of Best Buy click here.
With Best Buy shares last trading around $29.68, Citi's new price target implies potential downside of about 9%.
Today's downgrade follows Q4 results from Best Buy Thursday. The stock fell more than 5% following the earnings report.
For more ratings news on Best Buy click here and for the rating history of Best Buy click here.
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