Wedbush Maintains Neutral on Best Buy Co, Lowers Price Target to $72
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Seth Basham maintains a Neutral rating on Best Buy Co (NYSE:BBY) and lowers the price target from $85 to $72.
May 18, 2023 | 12:38 pm
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Wedbush analyst Seth Basham maintains a Neutral rating on Best Buy Co and lowers the price target from $85 to $72.
The lowered price target by Wedbush analyst Seth Basham indicates a potential decrease in Best Buy's stock price. As the price target is reduced from $85 to $72, investors may perceive this as a negative signal, leading to a short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100