Market Overview

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

Related BBY
Watch These 7 Huge Call Purchases In Friday Trade
Cramer Talks About Ulta Salon's 'Beautiful' Run
Free online shipping again from Best Buy for holiday season (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

Aug 2016SunTrust Robinson HumphreyMaintainsBuy
Aug 2016Raymond JamesMaintainsBuy
Aug 2016CitigroupMaintainsNeutral

View More Analyst Ratings for BBY
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings


Related Articles (BBY)

View Comments and Join the Discussion!