Best Buy (BBY) Tops Q3 EPS by 15c; Comps Beat Views; Issues Mixed Q4 Outlook

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Go back to Best Buy (BBY) Tops Q3 EPS by 15c; Comps Beat Views; Issues Mixed Q4 Outlook

Morgan Stanley Raises Price Target on Best Buy (BBY) Following EPS Beat

November 18, 2016 1:16 PM EST

Morgan 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 EST

UBS 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

BTIG Remains Neutral on Best Buy (BBY) Following Solid Q3 Results, Outlook

November 17, 2016 8:36 AM EST

BTIG is offering preliminary commentary on Best Buy (NYSE: BBY) following Q3 results and strong outlook issued earlier Thursday. The firm has Best Buy with a Neutral rating.

Analyst Alan Rifkin commented, 3Q16: Operating EPS of $0.62 was well above our estimate of $0.47 and... More