Telsey Advisory Group Maintains Market Perform on Best Buy Co, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman has maintained a 'Market Perform' rating on Best Buy Co (NYSE:BBY) but lowered the price target from $80 to $75.
November 22, 2023 | 10:15 am
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NEGATIVE IMPACT
Telsey Advisory Group has maintained a 'Market Perform' rating on Best Buy Co and reduced the price target from $80 to $75.
The reduction in price target by Telsey Advisory Group suggests a more conservative valuation of Best Buy Co, which could lead to a negative perception among investors and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100