Best Buy price target lowered to $100 from $110 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Best Buy (BBY) to $100 from $110 and keeps an Outperform rating on the shares. The company reported “better-than-anticipated” Q4 results, with the first positive comparable since Q3 of 2021, the analyst tells investors While Telsey is concerned by the impact of tariffs, the company should be able to manage costs and leverage its leadership within consumer electronics.