Piper Jaffray Maintains Neutral Rating on Best Buy

According to Piper Jaffray, Best Buy (NYSE: BBY) Neutral rating is maintained.

Piper Jaffray said that it anticipates favorable Q3 results on Tuesday driven by healthy sales, as checks indicate Best Buy capped off the quarter with a solid win for Black Friday weekend and the early holiday season. “In sum, we see near-term upside in BBY shares but maintain our Neutral rating based on expectations for muted growth in CY12.”

Best Buy closed on Friday at $28.11.