DA Davidson Maintains Buy on Best Buy Co, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Baker maintains a Buy rating on Best Buy Co (NYSE:BBY) but lowers the price target from $96 to $87.
May 26, 2023 | 1:18 pm
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NEUTRAL IMPACT
DA Davidson analyst Michael Baker maintains a Buy rating on Best Buy Co (NYSE:BBY) but lowers the price target from $96 to $87.
The news of DA Davidson maintaining a Buy rating on Best Buy Co (NYSE:BBY) is positive for the stock. However, the lowering of the price target from $96 to $87 may create some uncertainty among investors. The overall impact on the stock price in the short term is expected to be neutral as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100