Best Buy Reports Holiday Revenue Results
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Wedbush Downgrades Best Buy (BBY) to Underperform, $21 PT
January 15, 2016 7:08 AM ESTWedbush downgraded Best Buy (NYSE: BBY) from Neutral to Underperform with a price target of $21.00 (from $33.00) saying weak holiday sales portends a difficult FY17.
Analyst Michael Pachter commented: "Our $21 price target reflects a 9x multiple on our 2017 EPS estimate. We give management full... More
