Best Buy: Jefferies raises target price - still a buyer
(CercleFinance.com) - A Jefferies analyst said on Wednesday that he is raising his target price for the Best Buy share from 95 dollars to 107 dollars.
The broker also confirms its "Buy" recommendation on it.
"QTD results are well-above consensus and the run-rate since stores opened is encouraging", the broker says.
Copyright (c) 2020 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.
The broker also confirms its "Buy" recommendation on it.
"QTD results are well-above consensus and the run-rate since stores opened is encouraging", the broker says.
Copyright (c) 2020 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.