Intech Investment Management LLC has increased its investment in
Best Buy Co., Inc. $BBY, while
Empowered Funds LLC sells 58,893 of the company's shares.
Best Buy undergoes a modest sales recovery despite tariffs threatening its turnaround strategy. The company's stock faces a potential 50% drop as it declines following mixed Q2 2024 results and earnings due to tariffs. Meanwhile, the company's expanded product range for the holiday season shows potential, but investor optimism remains cautious.
Cullen Investment Group LTD. and
Voleon Capital Management LP increase their position in BBY, and its health and store optimization strategy could shape its long-term approach.
Best Buy Co., Inc. (BBY)’s stock sees strong momentum, calling for a deeper study of its financial prospects. However, internal stock selling raises concerns, with Richard M. Schulze selling 196,100 shares. Favorable tariff management leads to a rating upgrade and positive growth outlook, notwithstanding the tariff-related turbulence the company is undergoing.
Goldman Sachs presents BBY stock with a street-high price target, and the firm's digital Marketplace launch presents a possible growth catalyst amid tariff tensions. Despite a recent stock drop due to tariff-related issues, BBY sees investors including the
Canada Pension Plan Investment Board gaining position.
Best Buy Company Stocks BBY News Analytics from Fri, 22 Nov 2024 08:00:00 GMT to Sun, 21 Sep 2025 00:55:59 GMT -
Rating -3
- Innovation 2
- Information 2
