Best Buy (BBY) call put ratio 1 call to 1.3 puts as option implied volatility comes in as shares collapse 11%

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Best Buy (BBY) PT Lowered to $60 at UBS; Reiterates Neutral

August 30, 2017 8:29 AM EDT

UBS lowered its price target on Best Buy (NYSE: BBY) to $60.00 (from $62.00) while maintaining a Neutral rating following the company's 2Q. Domestic comp of 5.4% beat the consensus estimate of 2.0%. The company saw gains across most major product categories with the notable exception of... More