Citigroup Maintains Sell on Best Buy Co, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone maintains a Sell rating on Best Buy Co (NYSE:BBY) but raises the price target from $67 to $76.

March 01, 2024 | 5:08 pm
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Citigroup maintains a Sell rating on Best Buy Co but increases the price target from $67 to $76.
The maintenance of a Sell rating by Citigroup indicates a negative outlook on Best Buy Co's stock. However, the increase in the price target from $67 to $76 suggests a less bearish view than before, potentially due to some positive developments or better-than-expected performance by the company. Despite the raised target, the Sell rating still implies an expectation of underperformance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100