CS Raises Estimates On Best Buy
In advance of Best Buy’s (NYSE: BBY) announcement of 3Q results on December 15, Credit Suisse has raised its full-year 2010 estimates for the company. CS now anticipates that the company will net $2.95 per share, up five cents from its previous estimate.
CS believes that Best Buy’s sales should improve across most of its markets, and margins will be better than expected.
The bank’s current rating on BBY stock is outperform, and the shares are trading down today 43 cents to $43.03.
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