Loop Capital Maintains Buy on Best Buy Co, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Buy rating on Best Buy Co (NYSE:BBY) and raised the price target from $100 to $110, indicating confidence in the company's future performance.
August 30, 2024 | 11:55 am
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Loop Capital has reiterated its Buy rating for Best Buy Co and increased the price target from $100 to $110, suggesting a positive outlook for the company's stock.
The increase in price target from $100 to $110 by Loop Capital, along with the maintained Buy rating, indicates a positive sentiment towards Best Buy's future performance. This is likely to boost investor confidence and potentially lead to a short-term increase in BBY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100