Market Overview

Morgan Stanley Reiterates Equal-Weight Rating on Best Buy

Share:
Related BBY
Here's Who Benefits The Most If Sears Goes Bankrupt
How Amazon And Wal-Mart Are Squelching Best Buy
Nordstrom Plans to Open Another Rack Store in California - Analyst Blog (Zacks)

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
Jan 2015CitigroupMaintainsBuy
Jan 2015JefferiesMaintainsBuy
Jan 2015Goldman SachsUpgradesNeutralBuy

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