Market Overview

Morgan Stanley Reiterates Equal-Weight Rating on Best Buy

Related BBY
Amazon Break-Up Hype Continues, But Analysts Don't Buy It
Top 4 Stocks In The Electronics Stores Industry With The Highest EPS
Retail Promotion's Double Life (Fox Business)

In a report published Monday, Morgan Stanley reiterated its Equal-Weight rating on Best Buy Co. (NYSE: BBY).

Morgan Stanley noted, “Our surveys suggest mixed Holiday demand for CE. We are increasing our 4Q US comp estimate 100bp to +0.5% as traffic and conversion are clearly top priorities for BBY right now, but we are reducing our gross margin estimate 50bp due to promotional activity and strength in Apple/Samsung products.”

Best Buy Co. closed on Friday at $12.05.

Latest Ratings for BBY

DateFirmActionFromTo
Nov 2014Morgan StanleyMaintainsOverweight
Nov 2014CitigroupMaintainsBuy
Nov 2014Telsey AdvisoryUpgradesMarket PerformOutperform

View More Analyst Ratings for BBY
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BBY)

Around the Web, We're Loving...

Get Benzinga's Newsletters