Telsey Advisory Group Maintains Market Perform on Best Buy Co, Lowers Price Target to $78
Portfolio Pulse from richadhand@benzinga.com
Telsey Advisory Group analyst Joseph Feldman maintains a Market Perform rating on Best Buy Co (NYSE:BBY) and lowers the price target from $81 to $78.
May 26, 2023 | 8:20 am
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Telsey Advisory Group maintains a Market Perform rating on Best Buy Co and lowers the price target from $81 to $78.
The lowered price target from $81 to $78 by Telsey Advisory Group indicates a potential decrease in the stock price of Best Buy Co (NYSE:BBY) in the short term. The Market Perform rating suggests that the stock is expected to perform in line with the market, but the lowered price target may cause investors to reevaluate their positions, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100