Moody's Upgrades Best Buy (BBY) to 'Baa1'; Notes Changes to Capitalizing Operating Leases Approach
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August 26, 2015 11:34 AM EDT
Morgan Stanley maintained an Overweight rating on Best Buy (NYSE: BBY), and cut the price target to $40.00 (from $43.00), following the company's 2Q16 earnings results. BBY delivered Q2 EPS of $0.49, which was 15 cents above consensus. Analyst Simeon Gutman said that the strength of the quarter... More
August 26, 2015 9:24 AM EDT
Jefferies reiterated a Buy rating on Best Buy (NYSE: BBY), and raised the price target to $50.00 (from $49.00), following a conversation with management. Based on the conversations with management, analyst Daniel Binder believes that initiatives aimed at improving conversion are still ramping.
Binder commented,... More
August 26, 2015 8:34 AM EDT
UBS reiterated a Neutral rating on Best Buy (NYSE: BBY), and raised the price target to $35.00 (from $33.00), following the company's 2Q16 earnings results. BBY reported EPS of $0.49 beating consensus of $0.34. Revenues of $8.53B came out ahead of $8.29B consensus.
Analyst Michael Lasser commented, "While there is typically a tendency to hem and haw with BBY's... More
August 21, 2015 6:54 AM EDT
Piper Jaffray analyst Peter Keith lowered estimates and his price target on Best Buy (NYSE: BBY) to $35.00 (from $45.00) but retained an Overweight rating into Q2 results next Tuesday.
Keith commented, "We are modestly cautious into BBY's Q2 earnings on... More
