Wall Street dips after Trump cancels North Korea summit; Netflix gains
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Best Buy (BBY) PT Raised to $77 at RBC Capital
May 24, 2018 1:24 PM EDTRBC Capital raised its price target on Best Buy (NYSE: BBY) to $77.00 (from $74.00) while maintaining a Sector Perform rating.
Analyst Scot Ciccarelli notes strong sales continue, but earnings flow-through limited due to various investments.
... MoreBest Buy (BBY) PT Raised to $85 at Loop Capital
May 24, 2018 10:38 AM EDTLoop Capital raised its price target on Best Buy (NYSE: BBY) to $85.00 (from $83.00) while maintaining a Buy rating.
Analyst Anthony Chukumba commented, "Best Buy continued to hit on all cylinders in F1Q 2018 in our opinion, which provides further evidence the... More
