Best Buy (BBY) Sees FY21 Enterprise Revenue of $43B
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Best Buy (BBY) PT Lowered to $57 at UBS Following Investor Meetings; 'Shares are Fairly Valued at Current Levels'
September 20, 2017 9:58 AM EDTUBS lowered its price target on Best Buy (NYSE: BBY) to $57.00 (from $60.00) while maintaining a Neutral rating, following investor meetings.
Analyst Michael Lasser notes a cautious outlook following investor meetings, as management's commentary centered on "evolutionary & expansionary" initiatives to achieve 2% annual sales growth with company moving forward in its transformation.
... MoreJefferies Remains Sidelined on Best Buy (BBY); Reiterates $60 Price Target
September 20, 2017 7:48 AM EDTJefferies reiterated a Hold rating and $60.00 price target on Best Buy (NYSE: BBY). BBY is entering another investment spending period, which is focused on services, and aims to broaden its market opportunity and share, deepen customer relationships, and reduce revenue volatility from product... More
