Citigroup Upgrades Best Buy Co to Buy, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone has upgraded Best Buy Co (NYSE:BBY) from Sell to Buy and raised the price target from $67 to $100.
June 03, 2024 | 2:14 pm
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POSITIVE IMPACT
Citigroup analyst Steven Zaccone has upgraded Best Buy Co (NYSE:BBY) from Sell to Buy and raised the price target from $67 to $100. This upgrade and significant price target increase suggest a positive outlook for Best Buy's stock in the short term.
The upgrade from Sell to Buy and the substantial increase in the price target from $67 to $100 by a reputable analyst at Citigroup indicates strong confidence in Best Buy's future performance. This is likely to attract investor interest and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100