Wells Fargo raised the firm’s price target on Best Buy (BBY) to $75 from $67 and keeps an Equal Weight rating on the shares. Optimism was building, and Best Buy nicely topped Q2 expectations, with quarter-to-date comparable sales tracking +low single digits, and an intact FY26 outlook, the firm notes. That said, Wells believes obstacles remain, and post-recent rally, it sees less room for error.
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