Best Buy (BBY) PT Trimmed at Jefferies But 'Buy' Maintained
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Morgan Stanley Expects Holiday Boost on Best Buy (BBY) Following Industry Slowdown; Reiterates Overweight
November 20, 2015 10:45 AM ESTMorgan Stanley reiterated an Overweight rating on Best Buy (NYSE: BBY), and cut the price target to $37.00 (from $40.00), following the company's 3Q earnings report. EPS came in at $0.41, $0.06 better than consensus. Earnings quality was subpar as gross margin was unexpectedly helped by quasi-temporary warranty... More
Best Buy (BBY) Tops Q3 EPS by 6c; Tot. Comps Growth Lagged Expectations
November 19, 2015 7:01 AM ESTBest Buy (NYSE: BBY) reported Q3 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $8.82 billion versus the consensus estimate of $8.86 billion.
CEO Hubert Joly continued, In the Domestic business, our comparable sales, excluding the impact of installment billing, increased... More
