Loop Capital analyst Anthony Chukumba states that according to Loop’s quarterly pricing study, the price gap between products sold at Best Buy (BBY) has widened to 2.1% on average from 0.9% in December when compared against Amazon.com (AMZN). The analyst states however that Best Buy prices "remain very competitive", and while the firm has a cautious view on the company’s near-term fundamentals, it is bullish over the long-term. Loop Capital also keeps its Buy rating and $110 price target on Best Buy shares.
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Published first on TheFly
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