Best Buy: Jefferies maintains buy rating
(CercleFinance.com) - An analyst at Jefferies today confirms his "buy" recommendation on the Best Buy stock, after attending a CMD organised by the group this week.
"BBY has invested $1B+ in health tech and mgmt tone suggests new partnerships will fuel growth... We believe that the broad range of health technologies and successes in marketing patient monitoring will help drive up the benefits of Best Buy and the company has gained ground with insurance companies," Jefferies says.
The broker therefore confirms its target price of 80 dollars for the stock.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"BBY has invested $1B+ in health tech and mgmt tone suggests new partnerships will fuel growth... We believe that the broad range of health technologies and successes in marketing patient monitoring will help drive up the benefits of Best Buy and the company has gained ground with insurance companies," Jefferies says.
The broker therefore confirms its target price of 80 dollars for the stock.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.