Further Share Gains Drive Best Buy (BBY) Results, PT to $47 - UBS

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Go back to Further Share Gains Drive Best Buy (BBY) Results, PT to $47 - UBS

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

BofA/Merrill Lynch Upgrades Best Buy (BBY) to Neutral

November 17, 2016 1:55 PM EST

BofA/Merrill Lynch upgraded Best Buy (NYSE: BBY) from Underperform 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 $40.45 yesterday.

... More

BTIG Remains Neutral on Best Buy (BBY) Following Solid Q3 Results, Outlook

November 17, 2016 8:36 AM EST

BTIG is offering preliminary commentary on Best Buy (NYSE: BBY) following Q3 results and strong outlook issued earlier Thursday. The firm has Best Buy with a Neutral rating.

Analyst Alan Rifkin commented, 3Q16: Operating EPS of $0.62 was well above our estimate of $0.47 and... More

Best Buy (BBY) Tops Q3 EPS by 15c; Comps Beat Views; Issues Mixed Q4 Outlook

November 17, 2016 7:01 AM EST

(Updated - November 17, 2016 7:02 AM EST)

Best Buy (NYSE: BBY) reported Q3 EPS of $0.62, $0.15 better than the analyst estimate of $0.47. Revenue for the quarter came in at $8.95 billion versus the consensus estimate of $8.85 billion.

Domestic comps rose 1.8 percent, versus a gain of... More