Best Buy posts unexpected drop in same-store sales, shares dip

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Go back to Best Buy posts unexpected drop in same-store sales, shares dip

Jefferies Remains Sidelined on Best Buy (BBY) Following 4Q

March 2, 2017 7:30 AM EST

Jefferies reiterated a Hold rating and $43.00 price target on Best Buy (NYSE: BBY) following the company's 4Q earnings report. Relative to expectations, taxes helped 4Q EPS by $0.14, but the swing y-y in the rate was worth $0.10.

Analyst Daniel Binder commented, "While... More