RBC Cuts Best Buy (BBY) from Top Pick to Sector Perform
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Price: $86.42 +1.25%
Rating Summary:
7 Buy, 25 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 25 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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RBC Capital's Scot Ciccarelli downgraded shares of Best Buy (NYSE: BBY) by two notches from Top Pick to Sector Perform Wednesday morning. The analyst's price target was lowered from $32 to $28.
The downgrade follows a Q3 miss from the electronics retailer and the resulting 15.5 percent decline in the stock Tuesday.
For an analyst ratings summary and ratings history on Best Buy click here. For more ratings news on Best Buy click here.
The downgrade follows a Q3 miss from the electronics retailer and the resulting 15.5 percent decline in the stock Tuesday.
For an analyst ratings summary and ratings history on Best Buy click here. For more ratings news on Best Buy click here.
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