Telsey Advisory Group Maintains Market Perform on Best Buy Co, Raises Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Telsey Advisory Group has maintained its 'Market Perform' rating on Best Buy Co (NYSE:BBY) and raised the price target from $78 to $85.
August 30, 2023 | 8:15 am
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POSITIVE IMPACT
Best Buy's price target has been raised from $78 to $85 by Telsey Advisory Group, which maintains a 'Market Perform' rating on the stock.
The increase in price target by Telsey Advisory Group indicates a positive outlook for Best Buy's stock. This could potentially lead to an increase in the stock's price in the short term. However, the 'Market Perform' rating suggests that the stock is expected to perform similarly to the overall market, indicating a moderate level of importance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100