UBS lowered the firm’s price target on Best Buy (BBY) to $115 from $123 and keeps a Buy rating on the shares. Best Buy’s Q3 results may put slight pressure on forward estimates, but UBS still sees a compelling risk-reward opportunity, the analyst tells investors in a research note.
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Read More on BBY:
- Best Buy price target lowered to $89 from $95 at Wells Fargo
- Best Buy price target lowered to $101 from $109 at Citi
- Best Buy Q3 Results: Sales Decline, Profit Margins Hold
- Best Buy price target lowered to $95 from $107 at Truist
- Trump threatens tariffs, Zoom reports Q3 beat: Morning Buzz
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
