Deutsche Bank Previews Upcoming 1Q11 Report on BBY - Best Buy Co (NYSE:BBY)

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According to a recent report from Deutsche Bank, Best Buy (NYSE: BBY) is expected to report 1Q11 tomorrow. Deutsche Bank believes that although leading indicators point to a softer quarter, reports will be no worse than expected. Deutsche Bank maintains a price target of $37.00 on BBY.In the report, Deutsche Bank said, "We believe the consensus forecast embeds a down 4%comp, or no improvement from last quarter's 4.6% decline and on the operating margin line, the consensus embeds a 40 bps decline, worse than the previous quarter's 20 bps drop."Best Buy closed Friday at $28.43.

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