Founder Richard Schulze Has 'Complete Faith' in Best Buy (BBY) Strategy
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Goldman Sachs Downgrades Best Buy (BBY) to Neutral
January 17, 2014 8:36 AM ESTGoldman Sachs downgraded Best Buy (NYSE: BBY) from Buy to Neutral with a price target of $28.00 (from $45.00). Analyst Matthew J. Fassler thinks it will now trade as a "secularly challenged retailer."
"While BBY's 4Q pre-announcement lowered expectations and valuation, three forward-looking factors lead us to a more... More
BofA/Merrill Lynch Upgrades Best Buy (BBY) to Buy
January 16, 2014 1:47 PM ESTBofA/Merrill Lynch upgraded Best Buy (NYSE: BBY) from Neutral to Buy.
For an analyst ratings summary and ratings history on Best Buy click here. For more ratings news on Best Buy click here.
Shares of Best Buy closed at $37.57 yesterday, with a 52 week range of $13.83-$44.66.... More
Best Buy (BBY) FY14/15 EPS Estimates Cut at KeyBanc
January 16, 2014 12:46 PM ESTKeyBanc maintained a Hold rating on Best Buy (NYSE: BBY) and cut FY13/14 EPS estimates to $1.86/$2.25 from $2.44/$2.60. The change follows an update on Best Buy holiday sales.
"Best Buy reported November/December sales that fell short of expectations, coupled with significant margin... More
Oppenheimer Downgrades Best Buy (BBY) to Perform
January 16, 2014 8:50 AM ESTOppenheimer downgraded Best Buy (NYSE: BBY) from Outperform to Perform with a price target of $30.00 (from $50.00).
For an analyst ratings summary and ratings history on Best Buy click here. For more... More
Best Buy (BBY) Crashes Over 30% on Weak Holiday Comps
January 16, 2014 7:36 AM ESTBest Buy Company (NYSE: BBY) is under significant pressure following its disappointing holiday sales results, with domestic comps down 0.9%. Shares last traded at $25.66, down 31.5%.... More
Best Buy (BBY) 2013 Domestic Holiday Comps Fell 0.9%
January 16, 2014 7:03 AM ESTBest Buy Company, Inc. (NYSE: BBY) announced revenue results for the nine weeks ended January 4, 2014, as compared to the nine weeks ended January 5, 2013. The company will host a conference call to further discuss these results at 8:00 a.m. Eastern Time today.
(Note: Complete data is at the bottom of this article.)
When we entered the holiday season, we said that price competitiveness was table stakes and an intensely promotional holiday season is what unfolded, said Hubert Joly, Best Buy president and CEO. In both channels, the promotional intensity that began with Black... More
