Best Buy Co., Inc. has experienced varied developments in its stocks recently. Major companies, including
Conning Inc., Commerzbank Aktiengesellschaft FI, and
Janney Capital Management LLC among others have increased their shareholdings in the company.
Jefferies has raised the Best Buy stock price target to
$95 based on potential ad business, and maintained a
buy rating. However,
Piper Sandler and
Citi have downgraded the company's stock rating due to various reasons including tariffs and consumer uncertainty. Several investment holdings, such as
Swedbank AB and
Empowered Funds LLC have reduced their stake. Concerns over tariffs affecting profit outlook and price increases have been expressed by the company's
CEO. Meanwhile,
Goldman Sachs has given the company's stock a
street-high price target. Reports suggest there may be future challenges for Best Buy stocks due to margin pressures and weakening earnings.
Abel Hall LLC and
Intech Investment Management LLC have reportedly taken position and increased their stakes respectively.
Best Buy Company Stocks BBY News Analytics from Tue, 26 Nov 2024 08:00:00 GMT to Sat, 11 Oct 2025 10:30:09 GMT -
Rating -3
- Innovation 0
- Information 3
- Rumor -2
