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Best Buy price gap relative to Amazon widens, says Loop Capital
The Fly

Best Buy price gap relative to Amazon widens, says Loop Capital

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.

Published first on TheFly

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