Wedbush Reiterates Neutral on Best Buy Co, Maintains $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has reiterated a Neutral rating on Best Buy Co (NYSE:BBY) and maintained a $70 price target for the company's stock.
November 22, 2023 | 3:05 pm
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NEUTRAL IMPACT
Wedbush analyst Seth Basham reaffirmed a Neutral rating on Best Buy Co and kept the price target at $70, indicating no significant change in the company's outlook.
The reiteration of a Neutral rating and maintenance of the price target suggests that Wedbush does not foresee any immediate positive or negative catalysts that would significantly affect Best Buy's stock price in the short term. The analyst's view appears to be that the stock is fairly valued at the current level, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100