Goldman Sachs Neutral On Best Buy - Best Buy Co (NYSE:BBY)

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Goldman Sachs has a Neutral rating and a $34 price target on shares of Best Buy Company, Inc. (NYSE: BBY).In a note to clients, Goldman writes, "The next several quarters for BBY are likely to trend better than the past two, but a combination of protracted strategic challenges and short-term macro headwinds keeps us on the sidelines.* Stabilizing trends mark an improvement vs. recent erosion: Same-store sales trends likely troughed in the February 2011 quarter, and yoy EBIT and EPS trends are likely troughing in the first half of fiscal 2011 as compares ease and as disruption in the critical TV and notebook PC markets moderates."Shares of BBY lost 75 cents yesterday to close at $29.88, a loss of 2.45%.

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