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Best Buy (BBY) PT Lowered to $22 at Morgan Stanley; 'Gross Margin Weakness Outweighs Q3 Top-Line Bounceback & EPS Beat'
December 21, 2017 9:05 AM ESTMorgan Stanley lowered its price target on Best Buy (NYSE: BBY) to $22.00 (from $23.00) while maintaining a Underweight rating, following third quarter results.
Analyst Simeon Gutman notes a reduced price target on the shares, following third quarter results that pointed to gross margin weakness,... More
