Citigroup Maintains Sell on Best Buy Co, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a Sell rating on Best Buy Co (NYSE:BBY) and lowers the price target from $72 to $62.
May 18, 2023 | 10:27 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup analyst Steven Zaccone maintains a Sell rating on Best Buy Co and lowers the price target from $72 to $62.
The lowered price target from Citigroup indicates a bearish outlook on Best Buy Co's stock. This news is directly related to BBY and is important for investors as it reflects the analyst's view on the company's future performance. The Sell rating and reduced price target suggest that the stock price is likely to go down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100