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Morgan Stanley Raises Price Target on Best Buy (BBY) Following EPS Beat
November 18, 2016 1:16 PM ESTMorgan Stanley reiterated an Equalweight rating on Best Buy (NYSE: BBY), and raised the price target to $43.00 (from $35.00), following the company's 3Q earnings report. BBY reported a $0.15 beat in non-GAAP EPS compared to the Street's ($0.47) estimate.
Analyst Simeon Gutman commented, "Q3... More
Further Share Gains Drive Best Buy (BBY) Results, PT to $47 - UBS
November 18, 2016 8:05 AM ESTUBS analyst Michael Lasser lifted his price target on Best Buy (NYSE: BBY) to $47.00 (from $38.00) but maintained a Neutral rating following Q3 results which showed further share gains.
Lasser commented, "In the face of a declining category, BBY continues to outperform & take share. Its 3Q domestic SSS... More
Best Buy same-store sales beat estimates, shares hit 3-year high
November 17, 2016 7:13 AM ESTBy Gayathree Ganesan
(Reuters) - Best Buy Co Inc (NYSE: BBY), the No. 1 U.S. electronics retailer, reported a better-than-expected rise in quarterly profit and same-store sales on Thursday, helped by higher online revenue and strong demand for TVs, home theaters and wearable devices.
The retailer's forecast for full-year adjusted profit also beat analysts' expectations, sending its shares up 7.5 percent to $43.50 in early trading, their highest in three years.
Best Buy, like home-improvement chains Home Depot Inc (NYSE: HD) and Lowe's Inc (NYSE:... More
Best Buy (BBY) Tops Q3 EPS by 15c; Comps Beat Views; Issues Mixed Q4 Outlook
November 17, 2016 7:01 AM EST(Updated - November 17, 2016 7:02 AM EST)
Best Buy (NYSE: BBY) reported Q3 EPS of $0.62, $0.15 better than the analyst estimate of $0.47. Revenue for the quarter came in at $8.95 billion versus the consensus estimate of $8.85 billion.
Domestic comps rose 1.8 percent, versus a gain of... More