Wedbush Maintains Neutral on Best Buy Co, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has maintained a Neutral rating on Best Buy Co (NYSE:BBY) and increased the price target from $70 to $75.
January 24, 2024 | 1:22 pm
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POSITIVE IMPACT
Wedbush has maintained a Neutral rating on Best Buy Co and raised the price target from $70 to $75, indicating a potential upside from the current price.
The increase in price target by Wedbush suggests a positive outlook on Best Buy's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100