Truist raised the firm’s price target on Best Buy (BBY) to $84 from $79 but keeps a Hold rating on the shares. The company continues to operate well in a challenged vertical, having just posted their best comp in about 4 years, as its biggest categories – Bomputing, Mobile and Consumer Electronics – improved sequentially, the analyst tells investors in a research note. November trends slowed vs. tough comparisons however, and while its 3-year stacks were flat, Q4 expectations had already increased, Truist added.
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