In a report published Wednesday, Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Best Buy BBY, but removed the $36.00 price target.
In the report, Morgan Stanley noted, “The Wall Street Journal reported that Best Buy may be considering alternatives for its China business (Five Star). A potential sale or partnership for the China division would represent a modest positive for the story, in our view.”
Best Buy closed on Tuesday at $29.06.
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