Wells Fargo Maintains Equal-Weight on Best Buy Co, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem maintains an Equal-Weight rating on Best Buy Co (NYSE:BBY) and lowers the price target from $80 to $75.
May 26, 2023 | 11:20 am
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Wells Fargo maintains an Equal-Weight rating on Best Buy Co (NYSE:BBY) and lowers the price target from $80 to $75.
The news directly mentions Best Buy Co (NYSE:BBY) and the lowered price target by Wells Fargo analyst Zachary Fadem. This may cause some short-term uncertainty among investors, but the Equal-Weight rating suggests that the stock is expected to perform in line with the market. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100