Truist Securities Maintains Hold on Best Buy Co, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a 'Hold' rating on Best Buy Co (NYSE:BBY) and raised the price target from $77 to $88.
August 30, 2023 | 3:40 pm
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NEUTRAL IMPACT
Best Buy's price target has been raised from $77 to $88 by Truist Securities, while maintaining a 'Hold' rating.
The news is directly related to Best Buy Co. The raised price target indicates a positive outlook for the company, but the 'Hold' rating suggests that the stock is expected to perform in line with the market or other comparable stocks. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100