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Best Buy Co (BBY) Gets a Hold Rating from Wells Fargo

Wells Fargo analyst Zachary Fadem maintained a Hold rating on Best Buy Co (BBYResearch Report) today and set a price target of $90.00. The company’s shares closed last Friday at $95.83.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 20.1% and a 64.3% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, National Vision Holdings, and Floor & Decor Holdings.

Currently, the analyst consensus on Best Buy Co is a Hold with an average price target of $113.83.

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Best Buy Co’s market cap is currently $23.05B and has a P/E ratio of 9.28.

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Founded in 1966, Minnesota-based Best Buy Co., Inc. is a consumer electronics company, which provides consumer technology products and services in the US, Canada and Mexico. It operates in two business segments: Domestic and International.

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