Form 144 BEST BUY CO INC Filed by: SCHULZE RICHARD M

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Go back to Form 144 BEST BUY CO INC Filed by: SCHULZE RICHARD M

Best Buy (BBY) PT Raised to $90 at Evercore ISI

May 31, 2024 5:02 AM EDT

Evercore ISI analyst Greg Melich raised the price target on Best Buy (NYSE: BBY) to $90.00 (from $80.00) while maintaining a Outperform rating.

The analyst comments "Improved May sales (down 2-3%), and the mention of the start of a new AI led laptop cycle popped the stock 13%, back to where it was in March. 1Q comps of -6% underwhelmed, but EPS beat, driven by gross margins. The commentary on May comp trends, the innovation... More