Melius Research Initiates Coverage On Best Buy Co with Hold Rating, Announces Price Target of $100
Portfolio Pulse from Benzinga Newsdesk
Melius Research has initiated coverage on Best Buy Co (NYSE:BBY) with a Hold rating and set a price target of $100.
September 23, 2024 | 5:44 pm
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Melius Research has initiated coverage on Best Buy Co with a Hold rating and a price target of $100, indicating a neutral stance on the stock.
The Hold rating suggests that the analyst does not expect significant short-term movement in Best Buy's stock price. The price target of $100 aligns with a neutral outlook, indicating that the stock is fairly valued at current levels.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100