Best Buy shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $85 to $106.
Portfolio Pulse from Benzinga Newsdesk
Best Buy shares are trading higher following an upgrade from UBS, which raised the stock rating from Neutral to Buy and increased the price target from $85 to $106.
June 17, 2024 | 11:54 am
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POSITIVE IMPACT
UBS upgraded Best Buy from Neutral to Buy and raised the price target from $85 to $106, leading to a rise in the stock price.
The upgrade from UBS and the significant increase in the price target are strong positive signals for investors, likely leading to increased buying activity and a rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100