Citigroup Maintains Sell on Best Buy Co, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a 'Sell' rating on Best Buy Co (NYSE:BBY) but raises the price target from $62 to $70.
August 04, 2023 | 11:00 am
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NEUTRAL IMPACT
Despite the 'Sell' rating maintained by Citigroup, the raised price target from $62 to $70 indicates a potential upside for Best Buy Co.
The 'Sell' rating suggests that Citigroup expects Best Buy's stock to underperform. However, the raised price target indicates that they see some potential upside. This could lead to mixed market reactions, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100