Market Overview

Stifel Nicolaus Says Deal for Best Buy Won't Get Done Over Next Two Months

Share:
Related BBY
Why Street Sentiment On Best Buy May Depend On Apple
Border Tax Polarizes U.S Companies As Exporters Take Side With Trump Team
One 20% Dividend Increase Expected Among 8 Announcements In 2nd Half Of February (Seeking Alpha)

Stifel Nicolaus' David Schick believes a check from Richard Schulze for Best Buy (NYSE: BBY) will not "get written" over the next couple months. Rumors this morning suggested Schulze may be ready to do a deal for the electronics retailer at about $20/share.

Schick said the amount of "significant" moving parts related to new initiatives, a weak product cycle and general Q4 dependency will weigh on the timing of the decision. Schick noted Best Buy CEO Hubert Joly seemed "fairly ambivalent" at the company's Analyst Day last week.

Latest Ratings for BBY

DateFirmActionFromTo
Feb 2017BernsteinInitiates Coverage OnUnderperform
Dec 2016Loop CapitalInitiates Coverage OnBuy
Nov 2016Bank of AmericaUpgradesUnderperformNeutral

View More Analyst Ratings for BBY
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings

 

Related Articles (BBY)

View Comments and Join the Discussion!