Wells Fargo Maintains Equal-Weight on Best Buy Co, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem maintains an Equal-Weight rating on Best Buy Co (NYSE:BBY) and raises the price target from $80 to $95.
August 30, 2024 | 6:59 pm
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Wells Fargo has maintained its Equal-Weight rating on Best Buy Co and increased the price target from $80 to $95, indicating a more optimistic outlook.
The increase in price target from $80 to $95 by Wells Fargo suggests a more positive outlook on Best Buy's future performance, which could lead to a short-term positive impact on the stock price. However, the Equal-Weight rating indicates a neutral stance relative to the market, balancing the optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100