Goldman Sachs Raises EPS Estimates on Best Buy, Remains Not Rated

A report from Goldman Sachs raises FY11/12/13 EPS estimates from $3.30/$3.30/$3.55 to $3.35/$3.35/$3.60 on Best Buy

. The report states, “We are raising our forecasts to reflect our expectation of smaller TV sales declines, following more favorable takeaways from our TV conference call with Display Search, HGG's recent report, and channel checks with vendors and competitors. We remain below consensus given concerns about persistent gross margin declines, but less so following these changes." BBY closed yesterday at $26.84.