Market Overview

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

Related BBY
Deutsche Bank: RadioShack Corporation Loss Is Gain For Best Buy Co Inc
Morgan Stanley Comments On Target Corporation, Office Depot Inc And Other Hardline & Discount Retailers
Auto Sales Fueled by … Subprime Loans (Fox Business)

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
Aug 2014UBSMaintainsNeutral
Jul 2014CitigroupMaintainsBuy
Jun 2014Morgan StanleyInitiates Coverage onOverweight

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...

Partner Network

Get Benzinga's Newsletters