Evercore ISI analyst Greg Melich lowered the firm’s price target on Best Buy (BBY) to $80 from $85 and keeps an In Line rating on the shares as part of adjusting estimates and targets among the firm’s retail broadlines and hardlines coverage.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- Best Buy’s Strong Disclosure Controls: A Commitment to Transparency and Compliance
- Starbucks Stock (NASDAQ:SBUX) Slips as Strike Expands
- BBY, ANF, WMT: A Record 202.9 Million People Shopped During the Thanksgiving Holiday
- Best Buy Appoints Dylan Jadeja to Board of Directors
- Thanksgiving sales estimates mixed, Barron’s says