Best Buy Reports First Quarter Results

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Best Buy (BBY) PT, Estimates Lifted at Jefferies Post Q1

May 22, 2015 7:39 AM EDT

Jefferies analyst Daniel Binder bumped estimates and his price target on Buy-rated Best Buy (NYSE: BBY) to $49.00 (from $46.00) amid strong execution against a tough backdrop.

Binder commented, "BBYs market position has improved, shifting from stabilizing the business to playing... More