Evercore ISI Group Maintains In-Line on Best Buy Co, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich has maintained an In-Line rating on Best Buy Co (NYSE:BBY) but has lowered the price target from $75 to $70.
November 22, 2023 | 6:27 pm
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NEGATIVE IMPACT
Evercore ISI Group has maintained an In-Line rating on Best Buy Co but reduced the price target from $75 to $70, indicating a potential downside or limited upside.
The reduction in the price target by Evercore ISI Group suggests that the analyst sees less potential for stock price appreciation. This could lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100