Analyst Sees Continued Challenges for Best Buy, Says Run-Up Amid Samsung Deal Overdone

Shares of Best Buy

are down nearly 4 percent Wednesday afternoon following an earlier concerning research note from Detwiler Fenton. The firm believes product trends will continue to work against Best Buy, and pointed out neither a new marketing nor floor layout will help at addressing that. Detwiler said not to expect improvements in margins for 2014. The 16 percent move higher in Best Buy shares on April 4th following news of the Samsung store within a store initiative was shocking, the firm said. Detwiler called this concept "fraught with complications."