Best Buy (BBY) Declares $0.28 Quarterly Dividend; 2.4% Yield

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Go back to Best Buy (BBY) Declares $0.28 Quarterly Dividend; 2.4% Yield

Morgan Stanley Raises Price Target on Best Buy (BBY) Following EPS Beat

November 18, 2016 1:16 PM EST

Morgan Stanley reiterated an Equalweight rating on Best Buy (NYSE: BBY), and raised the price target to $43.00 (from $35.00), following the company's 3Q earnings report. BBY reported a $0.15 beat in non-GAAP EPS compared to the Street's ($0.47) estimate.

Analyst Simeon Gutman commented, "Q3... More