UPDATE: Morgan Stanley Reiterates On Best Buy On Potential China Division Deals

In a report published Wednesday, Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on

, but removed the $36.00 price target. In the report, Morgan Stanley noted, “The Wall Street Journal reported that Best Buy may be considering alternatives for its China business (Five Star). A potential sale or partnership for the China division would represent a modest positive for the story, in our view.” Best Buy closed on Tuesday at $29.06.