Market Overview

Stifel Nicolaus Says Deal for Best Buy Won't Get Done Over Next Two Months

Share:
Related BBY
Keep An Eye On These 10 After-Hours Movers
This Startup Wants To Be Google Analytics For The Physical World
Best Buy's Upside Likely To Interest Investors (Seeking Alpha)

Stifel Nicolaus' David Schick believes a check from Richard Schulze for Best Buy (NYSE: BBY) will not "get written" over the next couple months. Rumors this morning suggested Schulze may be ready to do a deal for the electronics retailer at about $20/share.

Schick said the amount of "significant" moving parts related to new initiatives, a weak product cycle and general Q4 dependency will weigh on the timing of the decision. Schick noted Best Buy CEO Hubert Joly seemed "fairly ambivalent" at the company's Analyst Day last week.

Latest Ratings for BBY

DateFirmActionFromTo
Apr 2015JP MorganDowngradesOutperformNeutral
Mar 2015WedbushUpgradesUnderperformNeutral
Mar 2015CitigroupMaintainsBuy

View More Analyst Ratings for BBY
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings

 

Related Articles (BBY)

Around the Web, We're Loving...

Get Benzinga's Newsletters