Best Buy Co.

In a report released this morning, Piper Jaffray said that it is encouraged by Best Buy Co., Inc.'s (NYSE: BBY) new Buy Back Program that was launched in a commercial during yesterday's Super Bowl. “The purpose of the program is to ‘future-proof' technology purchases through BBY's promise to...

Goldman Sachs is remaining Neutral-rated on Best Buy Co., Inc. (NYSE: BBY) with a $38, 12-month price target based on risk/reward (relative P/E) and DCF. “Key risks: downside: ongoing TV weakness, promo activity; upside: TV recovery,” Goldman Sachs writes. Goldman Sachs also notes a couple of...

Bulls Continue to Bet on Best Buy A few days ago I highlighted extremely bullish call buying across multiple months and multiple strikes in Best Buy (NYSE: BBY). Today the action is continuing with the September contracts in demand. The Sept $55 calls were purchased over 2,500 times on the offer...

Janney Capital Markets analysts David Strasser and Sarang Vora reiterated their Buy rating for shares of Best Buy Co., Inc. (NYSE: BBY) and raised the fair value estimate from $44 to $48. The analysts said that 3D technology would enter the home electronics market and drive up sales and margins....

William Blair & Company analysts Ralph Schackart, Jon McCumber and Kristopher Barney maintained their Outperform rating for shares of Sonic Solutions (Nasdaq: SNIC). The analysts said that the Best Buy Co., Inc. (NYSE: BBY) digital movie service, called “Blue Sky,” appears to be a re-branding...