Best Buy Co shares are trading higher after Telsey Advisory Group upgraded the stock from Market Perform to Outperform and raised the price target from $85 to $95.
Portfolio Pulse from Benzinga Newsdesk
Best Buy Co's stock is trading higher following an upgrade by Telsey Advisory Group from Market Perform to Outperform, with a raised price target from $85 to $95.
March 20, 2024 | 1:25 pm
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Best Buy Co's stock received an upgrade from Telsey Advisory Group, moving from Market Perform to Outperform, with a new price target set at $95, up from $85.
The upgrade by Telsey Advisory Group to Outperform and the increase in price target to $95 from $85 are strong indicators of confidence in Best Buy Co's future performance. This positive analyst rating is likely to influence investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100