Truist Securities Maintains Hold on Best Buy Co, Raises Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Best Buy Co (NYSE:BBY) while raising the price target from $86 to $107, indicating a more optimistic outlook on the company's stock.
August 30, 2024 | 1:10 pm
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Truist Securities has maintained a Hold rating on Best Buy Co (NYSE:BBY) and raised the price target from $86 to $107, suggesting a more positive outlook on the stock.
The increase in the price target from $86 to $107 by Truist Securities indicates a more optimistic view on Best Buy's future performance. Although the Hold rating remains unchanged, the higher price target suggests potential upside, which could positively influence investor sentiment and the stock price in the short term.
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