Best Buy (BBY) Stock Movement Summary Jefferies adjusted its price target for Best Buy downward from $94 to $89 per share, while maintaining a Buy rating on the stock. This adjustment reflects a revised valuation perspective from the analyst firm. Additionally, an analysis identified Best Buy among stocks to sell, citing specific operational concerns: lagging sales, low margins, inefficient cost structures, and declining free cash flow. These factors were contrasted with another stock highlighted for strong revenue growth and effective cost controls. The price target reduction occurred as Best Buy reversed recent gains in its stock price.
Read full analysisBest Buy (BBY) Stock Movement Summary Jefferies adjusted its price target for Best Buy downward from $94 to $89 per share, while maintaining a Buy rating on the stock. This adjustment reflects a revised valuation perspective from the analyst firm. Additionally, an analysis identified Best Buy among stocks to sell, citing specific operational concerns: lagging sales, low margins, inefficient cost structures, and declining free cash flow. These factors were contrasted with another stock highlighted for strong revenue growth and effective cost controls. The price target reduction occurred as Best Buy reversed recent gains in its stock price.
Best Buy Co., Inc. (BBY) is a publicly traded company in the Consumer Discretionary sector.