Morgan Stanley Maintains Equal-Weight on Best Buy Co, Raises Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Equal-Weight rating on Best Buy Co (NYSE:BBY) and increased the price target from $80 to $82.
March 01, 2024 | 5:53 pm
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Morgan Stanley has maintained an Equal-Weight rating on Best Buy Co and raised the price target from $80 to $82.
The increase in price target by Morgan Stanley suggests a positive outlook on Best Buy's stock, potentially leading to a short-term increase in its stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector average, but the raised target suggests some optimism.
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