Truist Securities Maintains Hold on Best Buy Co, Lowers Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli maintains a Hold rating on Best Buy Co (NYSE:BBY) and lowers the price target from $88 to $77.
May 26, 2023 | 12:02 pm
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Truist Securities maintains a Hold rating on Best Buy Co and lowers the price target from $88 to $77.
The lowered price target from $88 to $77 by Truist Securities analyst Scot Ciccarelli indicates a less optimistic outlook for Best Buy Co's stock. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100