Telsey Advisory Group Upgrades Best Buy Co to Outperform, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman upgraded Best Buy Co (NYSE:BBY) from Market Perform to Outperform and increased the price target from $85 to $95.
March 20, 2024 | 9:29 am
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POSITIVE IMPACT
Best Buy Co was upgraded by Telsey Advisory Group from Market Perform to Outperform, with the price target raised from $85 to $95.
Upgrades by reputable analysts like Telsey Advisory Group typically lead to positive short-term price movements. The increase in the price target from $85 to $95 suggests a strong confidence in the company's future performance, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100