FBR Capital Maintains a 'Market Perform' on Best Buy (BBY); F1Q12 Review--Adjusting Estimates

FBR Capital maintains a 'Market Perform' on Best Buy (NYSE: BBY), PT $34.

FBR analyst says, "We adjust our estimates for BBY on the heels of the
company's 1Q12 results. We adjust our estimate for FY12E EPS to $3.45,
from $3.22; and this compares with management's guidance of $3.30–$3.55
(excluding charges), which was reiterated yesterday, and the Street consensus of $3.46 (prior to Street quarterly earnings adjustments). For 2013, we adjust our estimate for EPS to $3.65, from $3.36, which compares with the Street estimate of $3.68 (prior to Street quarterly earnings adjustments)."

For more ratings news on Best Buy click here and for the rating history of Best Buy click here.

Shares of Best Buy closed at $30.13 yesterday.

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