Jefferies analyst Jonathan Matuszewski lowered the firm’s price target on Best Buy (BBY) to $94 from $95 and keeps a Buy rating on the shares following what the firm calls a “solid quarter” with unit-driven comps “well beyond” the Street forecast. The firm sees EPS tracking to greater than $7 in calendar year 2026 as alternative profit streams scale and cost discipline continues, the analyst tells investors in a post-earnings note.
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