Market Overview

Morgan Stanley Reiterates Equal-Weight Rating on Best Buy

Share:
Related BBY
10 Notable Stocks Trading Ex-Dividend Tuesday, December 6
Holiday Shopping and Retail Sector Impact
Cyber Week Winners (Seeking Alpha)

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 2016Bank of AmericaUpgradesUnderperformNeutral
Nov 2016Evercore ISI GroupDowngradesHoldSell
Aug 2016SunTrust Robinson HumphreyMaintainsBuy

View More Analyst Ratings for BBY
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BBY)

View Comments and Join the Discussion!