Wedbush Maintains Neutral on Best Buy Co, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham maintains a Neutral rating on Best Buy Co (NYSE:BBY) but raises the price target from $85 to $95.

August 30, 2024 | 4:52 pm
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POSITIVE IMPACT
Wedbush analyst Seth Basham maintains a Neutral rating on Best Buy Co (NYSE:BBY) and raises the price target from $85 to $95, indicating a positive outlook on the stock's potential.
The increase in the price target from $85 to $95 suggests a positive outlook on Best Buy's stock performance, which could lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100