Best Buy posts surprise sales rise; shares jump

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Go back to Best Buy posts surprise sales rise; shares jump

Morgan Stanley Cuts Price Target on Best Buy (BBY) Following 2Q16 EPS Beat

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

Jefferies Raises Price target on Best Buy (BBY) Following a Conversation with Management

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

UBS Raises Price Target on Best Buy (BBY) Following 2Q16 EPS Beat

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