JP Morgan Upgrades Best Buy Co to Overweight, Raises Price Target to $101
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Christopher Horvers upgraded Best Buy Co (NYSE:BBY) from Neutral to Overweight and increased the price target from $89 to $101.
March 22, 2024 | 3:41 pm
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Best Buy Co was upgraded by JP Morgan from Neutral to Overweight with a price target increase from $89 to $101.
The upgrade from Neutral to Overweight by a major financial institution like JP Morgan suggests a strong bullish outlook on Best Buy Co. The significant increase in the price target further indicates an expectation of substantial stock price appreciation. This analysis is based on the direct mention of Best Buy Co and the specific details provided regarding the upgrade and new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100