Best Buy (BBY) Tops Q1 EPS by 9c; Comps Outpace Views
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Wedbush Remains Bearish on Best Buy (BBY) Following 1Q Review
May 25, 2016 8:01 AM EDTWedbush maintained an Underperform rating and $20.50 price target on Best Buy (NYSE: BBY) following a review of the company's 1Q. Revenue was $8.44 billion vs. the consensus of $8.29 billion, and guidance of $8.25 8.35 billion. Non-GAAP EPS was $0.44 vs. the consensus of $0.35, and guidance of $0.31 0.35. Results... More
Deutsche Bank Downgrades Best Buy (BBY) to Hold
May 25, 2016 6:44 AM EDTDeutsche Bank downgraded Best Buy (NYSE: BBY) from Buy to Hold with a price target of $32.00 (from $38.00). The change follows Q1 results and news that its CFO will step down.
"We are downgrading BBY from Buy to Hold for three reasons, including (1) a... More
Citi Downgrades Best Buy (BBY) to Neutral
May 24, 2016 7:54 AM EDTCiti downgraded Best Buy (NYSE: BBY) from Buy to Neutral.
For an analyst ratings summary and ratings history on Best Buy click here. For more ratings news on Best Buy click here.
Shares of Best Buy closed at $33.00 yesterday.
... MoreBest Buy (BBY) CAO, CFO McCollam to Step Down; Successor Named
May 24, 2016 7:05 AM EDTAs part of an internal succession plan, Best Buy announced that Sharon McCollam, the companys chief administrative and chief financial officer, will be stepping down on June 14, 2016. McCollam will remain with the company in an advisory capacity until the end of the fiscal year, January 28, 2017, to ensure a seamless transition.
Corie Barry, a 16-year veteran of Best Buy and its current chief strategic growth officer, will become the companys chief financial officer at the conclusion of Best Buys annual shareholder meeting, being held on June 14.
Hubert Joly, Best Buy chairman and CEO commented, Over her many... More
