Best Buy Reports Better-than-Expected First Quarter Revenue and Profit
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Best Buy (BBY) PT Raised to $60 at Deutsche Bank
May 26, 2017 9:33 AM EDTDeutsche Bank raised its price target on Best Buy (NYSE: BBY) to $60.00 (from $46.00) while maintaining a Hold rating.
Analyst Mike Baker believes that there are enough drivers in place to sustain positive comps this year even as TVs run out of... More
Best Buy (BBY) PT Raised to $62 at UBS Following 1Q
May 26, 2017 8:55 AM EDTUBS raised its price target on Best Buy (NYSE: BBY) to $62.00 (from $51.00) while maintaining a Neutral rating. The company's 1Q domestic comp of 1.4% outpaced the industry by more than 400 bps. This represents the 3rd quarter out of the last 4 where it's accomplished this... More
Best Buy (BBY) PT Raised to $60 at Jefferies; Remains Sidelined
May 26, 2017 7:53 AM EDTJefferies raised its price target on Best Buy (NYSE: BBY) to $60.00 (from $51.00) while maintaining a Hold rating following the company's 1Q earnings report. With ASPs still dropping sharply y-y, BBY saw TVs comp down in Q1, but the overall comps were still up 1.4% and... More
Best Buy (BBY) PT Raised to $60 at Credit Suisse
May 25, 2017 1:43 PM EDTCredit Suisse raised its price target on Best Buy (NYSE: BBY) to $60.00 (from $47.00) while maintaining a Neutral rating following solid Q1 results.
Analyst Seth Sigman notes the sales outlook for Q2 was better. He adds that while 2nd-half visibility is still limited... More
Best Buy (BBY) PT Raised to $64 at Loop Capital; Investments Bearing Fruit
May 25, 2017 12:09 PM EDTLoop Capital analyst Anthony Chukumba raised its price target on Best Buy (NYSE: BBY) to $64.00 (from $58.00) while maintaining a Buy rating following strong Q1 results.
Chukumba said the investments the company has made over the past several years have continued to bear... More
Best Buy (BBY) Tops Q1 EPS by 20c, Sales Beat
May 25, 2017 7:03 AM EDTBest Buy (NYSE: BBY) reported Q1 EPS of $0.60, $0.20 better than the analyst estimate of $0.40. Revenue for the quarter came in at $8.53 billion versus the consensus estimate of $8.27 billion. Enterprise Comparable Sales Increased 1.6%.
GUIDANCE:
Best Buy sees Q2 2018 EPS of $0.57-$0.62, versus the consensus of $0.59.
We are pleased today to report strong top and bottom line results for the first quarter of fiscal 2018, said Hubert Joly, Best Buy chairman and CEO. Our Q1 performance reflects the strength of our customer value proposition and continued momentum in the execution... More
