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Shares of Best Buy (BBY) Up 4% on Barclay's Upgrade

January 28, 2009 9:56 AM EST
Get Alerts BBY Hot Sheet
Price: $85.89 +0.19%

Rating Summary:
    7 Buy, 25 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 6 | New: 26
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Shares of Best Buy (NYSE: BBY) are up 4% today on the back of an upgrade over at Barclay's. The stock most recently traded at $29.40.

The firm moved its investment rating on Best Buy from Equalweight to Overweight, citing significant earnings power over other electronics retailers.

Notably, shares of Best Buy are up more than 8% in the last 4 trading sessions. As CNBC's Art Cashin noted earlier this morning, if the markets close in positive territory today, it will be one of the first 4-day upside streaks since the collapse of Lehman Brothers.

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